German lender HSH Nordbank has provided a €113.5 mln loan to Round Hill Capital for the acquisition of a residential portfolio in Hamburg.
The portfolio comprises 12 properties in prime locations around the Alster lake. The assets provides just under 26,000 m2 of space compromising 298 apartments, and 3,500 m2 of commercial space across 22 units.
Round Hill is planning to restructure the buildings and add around 3,000 m2 of space to the assets.
'The buildings of the Alster portfolio stand out due to their attractive location in the sought-after city districts of Eppendorf, Winterhude and Uhlenhorst, close to the Alster lake,' said Peter Axmann, head of Real Estate at HSH Nordbank.
'We have worked with Round Hill Capital on other projects and have got to know them as a well-versed real estate specialist with international operations and outstanding market knowledge, including in such German metropolitan regions as Hamburg.'