As syndicate leader in a club deal with Westdeutsche ImmobilienBank AG, KfW IPEX-Bank GmbH and Deutsche Genossenschafts-Hypothekenbank AG, Helaba is arranging the finance for the purchase of a business park in Munich Neuperlach. Buyer of the property, which is let long-term to Siemens AG, is a private placement of HIH Hamburgische Immobilien Handlung and the RFR Holding.

Siemens AG, which holds all the buildings on a long lease, uses the location as a center (head office) for research and development, IT, financial services, real estate and also internal service units. Measured in terms of the current market environment, in addition to the funding volume and maturity, the transaction is especially characterized by its interest-rate and inflation-hedging effects. Real estate finance is traditionally one of Helaba’s core business activities.

Source: Helaba