Hypo RE finances EUR 360m of European loans

German bank Hypo Real Estate said that it has provided loans over the last month worth a total of circa EUR 360 mln. The financing facilities consist of an EUR 45 mln multi-country loan to the AIM-listed Ablon Group, on 13 November 2007, to refinance a portfolio of two office buildings in Budapest, and one office in Prague; a EUR 55 mln facility to Amesbury on 29 October 2007 to refinance seven warehouse and office buildings located in two business parks in Prague; an EUR 124 mln facility to Babcock & Brown Group for the acquisition of a portfolio of six retail assets in Austria, Hungary and Slovenia; and a $210 mln (EUR 142 mln) financing facility to RosEvroDevelopment in relation to the Krekshino Logistics Park, Moscow on 22 October 2007.

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