Hypo Real Estate Bank International and NIBC Bank have completed an EUR 900 mln financing for property owner and developer Multi Corporation. The funds will be used for a wide range of development projects that Multi is planning with its partner Morgan Stanley Real Estate. Hypo RE said in a statement that the funds will help finance the development of at least 130 shopping centres, as well as inner-city regeneration and office projects. Multi Corporation is headquartered in the Netherlands and a presence in 20 European countries. Hypo Real Estate Bank and NIBC Bank are providing the funding on a 50/50 basis.
Premium subscriber content – please log in to read more or take a free trial.
