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Aggregate Financial Services arranged for the extension of the maturity date for a EUR 170m financing for the development of a large quarter development in Hamburg.

The development site is located at the heart of the district Altona. Some of the buildings are monumentally protected and will be refurbished and incorporated in the new urban quarter.

The project developer, which was advised by Aggregate Financial Services, will develop a mixed area for mostly residential use. The size, maturity and covenant package of the new financing has been tailored to the development needs together with the funding partners and Aggregate Financial Services.

The bonds were placed with an institutional investor in Germany.


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