HSH Nordbank, the Hamburg-based bank focused on transportation and real estate, is providing a EUR 32 mln loan to German retail property company GWB Immobilien for the acquisition of the Konigspassage shopping centre in the northern German city of Lubeck. The 15,000 m[sup]2[/sup] shopping centre was opened in 1994 and has been managed up to now by ECE Projektmanagement. The purchase of the mall, involving an undisclosed sum, was announced by GWB last month.
Premium subscriber content – please log in to read more or take a free trial.
