Financing of the largest outlet centre in northern Germany

Aareal Bank arranged a €214 million refinancing for the Designer Outlet Neumünster, the largest designer outlet centre in northern Germany. The property is owned by a joint venture between McArthurGlen and Nuveen Real Estate. The centre qualifies as a green lending asset. 

The Designer Outlet Neumünster, strategically located north of Hamburg and within a 60- minute drive from the Danish border, has been a prominent retail destination since its first phase opened in 2012. Comprising a total space of 29,000 sqm in an environmentally friendly village-style setting, it features 130 stores showcasing luxury brands such as Versace and Armani, as well as premium designer labels like Polo Ralph Lauren, Boss and Tommy Hilfiger.

Retail

Arranger, Facility & Security Agent

EUR 214,000,000

Neumünster, Germany

Download Transaction Announcement

“We are thrilled to provide financing for this prime retail asset of McArthurGlen and Nuveen Real Estate, two leaders in the retail property sector. Both companies demonstrate that, with the right concepts, brick-and-mortar retail schemes can be operated successfully and retain clients in the long term.”

Klaus Severin Schöttmer

Managing Director, Special Property Finance

Your contact person

Klaus Severin Schöttmer

Managing Director
Special Property Finance

+49 611 348 2252
Send e-mail

More deals

0 / 0