Wiesbaden, 17 April 2015 – Aareal Bank AG provided a € 530 million senior financing for the acquisition of a € 1.1 billion pan-European office portfolio by NorthStar Realty Finance Corp. The company is organized as a Real Estate Investment Trust (REIT), managed by an affiliate of NorthStar Asset Management Group Inc., headquartered in New York. Aareal Bank acted as Arranger, Agent and Sole Underwriter for the € 530 million seven year senior facility.
The office portfolio is comprised of eleven office buildings in top cities in seven of Europe’s major markets, namely in Belgium (Brussels), France (Paris), Germany (Hamburg), Italy (Milan), Netherlands (Amsterdam and Rotterdam), Sweden (Gothenburg) and the United Kingdom (London) with a gross leasable area of around 186,000 square meters. All buildings benefit from a well-diversified mix of market leading tenants.
