September 29, 2017 – In September 2017 Barings Real Estate Advisers refinances €47 million of the Vattenfall headquarters in Berlin-Mitte with ING Wholesale Banking in a bilateral deal structure. The property at the corner of Chaussestraße/Zinnowitzer Straße in Berlin was acquired by Barings in June this year. The 18,900 sqm office building is completely let to Vattenfall.
“It is a great opportunity to strengthen the relationship between ING and Barings backed by the financing of a prime asset,” cites Simone Schmidt, Managing Director Real Estate Finance at ING Wholesale Banking Germany. “Once more, this deal demonstrates our successful approach of financing top real estate in Germany’s most important cities.”
Beiten Burkhard advised ING and GSK Stockmann (Partner: Dr. Alma Franke, Associate: Rebecca Comtesse) Barings.
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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.