German real estate bank Eurohypo, acting as sole arranger, is providing EUR 147.5mln financing to a new Galerie Harfa shopping and office centre development in Prague. The centre being developed by Lighthouse Group will comprise 39,000 m[sup]2[/sup] of retail floor space and just under 15,000 m[sup]2[/sup] office floor space. Eurohypo said there were no plans to syndicate the loan, which will be used to support the development and investment phase of the project. The scheme is scheduled for completion in June 2010
German real estate bank Eurohypo, acting as sole arranger, is providing EUR 147.5mln financing to a new Galerie Harfa shopping and office centre development in Prague. The centre being developed by Lighthouse Group will comprise 39,000 m2 of retail floor space and just under 15,000 m2 office floor space. Eurohypo said there were no plans to syndicate the loan, which will be used to support the development and investment phase of the project. The scheme is scheduled for completion in June 2010
Lighthouse Group is owned by Deutsche bank subsidiary RREEF alternative Investments, Warsaw-listed developer GTC and Israeli firm Scorpio Real Estate
This is Eurohypo's second major financing transaction in Poland in quick succession. The bank announced a few days ago that is was providing a total of EUR 74mln funding to two shopping centres in the cities of Ostrava and Olomouc.