Hypo Real Estate said it has provided a senior loan of EUR 500mln for the Whitehall funds acquisition in 2007 of a mixed-use portfolio in Germany from Degi, the real estate investment arm of German insurer Allianz. The financing for the assets, worth some EUR 2.45bn, was arranged and syndicated by Credit Suisse and Goldman Sachs. The transaction was completed by Hypo Real Estate Bank on 31 March 2008.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
