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Asset:
Transitional Asset, Rotterdam
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Loan Amount:
€26m
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Year:
2018
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Client:
Private Developer
- Private developer instructed BBS to arrange a short term loan facility secured against the iconic Post Rotterdam building located in Rotterdam city centre.
- The purpose of the loan was to refinance an existing facility and release funds to advance design and planning for the conversion of the building into a hotel led mixed use scheme.
- Post Rotterdam is a former post office and renowned for being one of only four buildings in the city centre to survive the Rotterdam Blitz of World War II.
- BBS arranged a 12 month facility with a private family office to meet our client’s requirements.