Winner of Debt Advisor of the Year in the Real Estate Capital 2017 Awards London:
  • Finance:

    Refugee Centre, Berlin, Germany

  • Loan Amount:

    €30m

  • Year:

    2017

  • Client:

    Development co based in Germany

  • Overseas client instructed BBS to arrange a €30m investment loan secured against a newly constructed refugee centre located in Berlin.
  • The 42,000 sq ft refugee centre comprised housing, offices and a nursery school for refugees seeking asylum in Germany.
  • There were numerous challenges in arranging the finance and political sensitivities excluded German banks from the process.
  • Borrower wanted a long term loan but with the flexibility to continue developing on the site.
  • We arranged a 10 year loan with a UK based debt fund who are willing to support future development.