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ING provided EUR 85mln to CA Immo on refinancing Kontorhaus in Munich

Frankfurt am Main, January 17, 2017 – ING Wholesale Banking Germany has provided a EUR 85,000,000 term loan to German subsidiary of the Austrian real estate group CA Immobilien Anlagen AG 2016 to finance the investment phase of Kontorhaus – a multi tenant office building with 25,000sqm in Munich, which was completed in 2015 and is let to global IT companies like Google and Salesforce. ING Bank in Frankfurt provided the full loan amount on a bilateral basis.

“ING is very delighted to enter into this new relationship with CA Immobilien AG, an active player in the European office markets. The transaction reflects our key lending strategy for core real estate assets in the TOP5 cities in Germany. The very good micro location at Arnulfpark in Munich, the high quality of the building and the well-known international anchor tenants are a perfect match for ING Real Estate Finance. The Kontorhaus is aiming for a DGNB Gold certification, which fits into ING REF’s sustainable strategy supporting our clients in refinancing lower carbon emission assets.” said Alexander Piur, Director at ING Real Estate Finance Germany.

Other parties involved: ING Real Estate Finance Germany was advised on the transaction by Linklaters, Frankfurt.

 

Press Contact
ING Real Estate Finance 
Alexandra Jordans
Phone: +49(0)69 / 27 222 66710
E-Mail: alexandra.jordans@ing-diba.de

 

About ING Wholesale Banking Germany
ING Wholesale Banking Germany comprises the corporate clients business of ING-DiBa AG and is part of the ING Group’s worldwide Wholesale Banking network with offices in more than 40 countries. ING Wholesale Banking offers banking services for large, internationally operating corporate clients.

In addition to traditional banking products such as Corporate Lending and Transaction Services, ING is a world leading name in structured & project financing concepts, complemented by capital market solutions. ING Wholesale Banking Germany has more than 200 employees based in the headquarters Frankfurt am Main who were in charge of a credit volume of more than EUR 15.5 billion by the end of 2015.

More information about ING Wholesale Banking Germany: www.ing.de

 

About ING Real Estate Finance
ING Real Estate Finance is one of the leading financer for commercial properties worldwide with a business portfolio amounting to approximately 26.7 billion euros. With offices throughout Europe, Asia and USA, we provide our clients with services around the world. ING Real Estate Finance Germany is a division of ING Wholesale Banking Germany.