Press Information Berlin Hyp and Helaba finance retail portfolio in

Press Information
Berlin, 28 August 2014
Berlin Hyp and Helaba finance retail portfolio in the
Netherlands for IEF Capital Berlage Fund
Berlin Hyp and Helaba are making available a loan of € 197.8 million to IEF
Capital Berlage Fund to finance 18 retail properties in the Netherlands. The
loan commitment is made for a term of eight years and replaces part of the
CMBS transaction used for the refinancing to date. In this transaction, Berlin
Hyp and Helaba are arranger and lender for the full amount. Berlin Hyp is
acting as agent.
The retail portfolio comprises a mix of properties leased on long-term basis to
leading Netherland retailers such as Hema, V & D and De Bijenkorf. The
properties are spread throughout the Netherlands, but with a focus on
Randstad, the economic core region between Amsterdam, Rotterdam and
Utrecht. The portfolio, among other things, includes one of the flagship stores
of the department store chain De Bijenkorf in The Hague. In total, the portfolio
comprises approximately 111,000 m² of usable space.
The owner is a fund managed by IEF Capital. IEF Capital is a joint venture
between Bouwfonds Investment Management and IEF and a leading fund
provider in the Netherlands and specialises in retail properties.
In this transaction, Boekel De Nerée acted as legal counsel for the lenders.
The borrower was advised by the firm Loyens & Loeff.
IEF Capital (a joint venture between Bouwfonds Investment Management and IEF) is
the co-owner and manager of one of the most prestigious portfolios in the Dutch real
estate sector. The real estate portfolio is spread across five funds (a.o. IEFC Berlage
fund) and represents a value of approximately € 2.5 billion. The portfolio consists of
retail premises at prime locations (80%), offices (14%), parking garages (4%) and
other investment properties (2%). As manager, IEF Capital holds substantial equity
stakes in all of the funds to ensure alignment of interest with investors.
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Berlin Hyp AG
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Press Information
Berlin Hyp specialises in high-volume real estate financing for professional investors
and housing companies and provides them with individually tailored finance solutions.
As an affiliate of the German savings banks, it also offers these financial institutions a
comprehensive range of products and services. This clear focus, almost 150 years of
experience and the close relationship with the Savings Banks Finance Group make
Berlin Hyp one of Germany’s leading mortgage lenders and issuers of Pfandbriefe.
Helaba, a German Landesbank, is a classical balance-sheet lender with Real Estate
Financing as a core activity. Being the partner of the German savings banks, Helaba
also offers financial services to corporates, institutional customers and public
authorities in Germany and abroad. Today Helaba employs approx. 6,300 people
creating a business volume of around EUR 200 bn. In Real Estate Lending, the bank
is focused on commercial properties in Germany, Europe and the US and assists
customers both as sole partner and as one of a team of banks in syndicated business.
Helaba is particularly strong in project-oriented support and flexibility.
Media Contacts:
Berlin Hyp
Assem El Alami, +49 302599-5720, [email protected]
Vanessa Landschoof-Schlichting, +49 302599-9122,
[email protected]
Michael Kröger, +49 69 9132-4482, [email protected]
Wolfgang Kuß, +49 69 9132-2877, [email protected]
Press Information
Berlin Hyp AG
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