Vonovia secures €500m refinancing loan from Berlin Hyp

Vonovia secures €500m refinancing loan from Berlin Hyp

Published at: 2018-02-01 10:43 | Author: CIJ Europe
Vonovia SE secured a 10-year €500m loan from Berlin Hyp to refinance 270 properties in North Rhine-Westphalia, Bavaria and Rhineland-Palatinate. The portfolios cover approximately 900,000 sqm in residential and 4,800 sqm in commercial space and are almost fully leased. “By signing the secured loan agreement, we were able to demonstrate the advantages of our financing strategy, which focuses on a balanced mix of unsecured and secured instruments,” said A. Stefan Kirsten, member of Vonovia’s management board.

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