September 11, 2017 – In August 2017 ING Wholesale Banking refinanced €70 million debt for three core office buildings in prime locations in Hamburg, London and Paris for Hines acting on behalf of one of its funds.
The assets are let to strong tenants across various industries and combine a total GLA of 25,382sqm. “This transaction is the follow-up on the good experience between ING and Hines and a great opportunity to further strengthen the relationship”, cites Simone Schmidt, Managing Director Real Estate Finance at ING Wholesale Banking Germany. “This transaction is also a great example for the close collaboration within the global ING Real Estate network.”
Linklaters advised ING and Baker & McKenzie Hines.
ING Wholesale Banking
ING Bank, a branch of ING-DiBa AG
T: +49 (0) 69 / 27 222 66710
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 approximately 300 employees based in the headquarters Frankfurt am Main who were in charge of a credit volume of EUR 25.9 billion by the end of 2016.
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.