DekaBank has financed €625 mln in funding for the purchase of the Irish shopping centre, Dundrum Town Center, in Dublin.
The borrower and owner of the property are Allianz Real Estate and the British real estate company Hammerson. The term of the loan is seven years.
DekaBank acted as debt advisor and 'lead arranger' in the financing and provided itself with a loan amount of €175 mln. The rest is due to two other European banks.
Dundrum Town Center has a market value of around €1.5 bn and is located in the south of Dublin. The 123,800 m2 shopping centre has more than 120 shops, 38 restaurants, a cinema, 3,400 parking lots and is almost fully let. The annual rental income amounts to €66 mln.
In the summer of this year, DekaBank had already arranged a refinancing of €488 mln for the shopping centre Intu Merry Hill in the Birmingham metropolitan area, providing itself with a loan amount of around £122 mln (€136 mln).
