Case studies

600 million financing for "Mall of Berlin" (Leipziger Platz Quartier)

The shareholders of the Leipziger Platz Quartier, a joint venture between High Gain House Investments/Berlin (HGHI) and Arab Investments/London (AIL), have successfully concluded the long-term end financing for the largest inner-city shopping centre project in Europe. Deutsche Hypothekenbank, Bayerische Versorgungskammer (BVK) and BNP Paribas REIM Germany combine forces to provide the financing.

The consortium leader and agent for the transaction is Deutsche Hypo. The ten year financing volume totals € 600 million. BVK will assume € 450 million, Deutsche Hypo € 80 million and the two credit funds of BNP Paribas REIM Germany will account for € 70 million. This involves one of the largest real estate financing deals ever concluded in Germany, primarily executed by non-banks, and one of the largest amounts of financing by an institutional investor in Germany.

>Further information

Deutsche Hypo and DG HYP finance top property in Frankfurt’s Opera Square

Deutsche Hypothekenbank and DG HYP are jointly financing the project development for a mixed-use property in an excellent central location in Frankfurt am Main. The borrower is Opernplatz GmbH & Co. KG, which is part of the Elleke Group. DG HYP and syndicate leader Deutsche Hypo are each providing half of the total finance of EUR 150 million.

The split property will be built in Frankfurt’s Opera Square, directly opposite the Old Opera House, and will comprise around 33,500 sqm. Almost half of the property will be occupied by a five-star hotel of the Sofitel chain, which is owned by the Accor Group. The hotel will have 150 rooms and suites, a restaurant and bar, conference rooms, boutiques and a spa, wellness and fitness area of approx. 3,000 sqm. In addition, approx. 8,000 sqm of high-quality office space and 2,700 sqm of retail space will be built. In the second part of the building approx. 5,000 sqm of exclusive rental apartments will be built. There will be an underground car park with 310 parking spaces for the whole property. The completion date is expected to be in the summer of 2015.

>Further information (in German only)

DG HYP and Deutsche Hypo finance "Dreischeibenhaus" office tower in Düsseldorf

Syndicate leader DG HYP has together with co-arranger Deutsche Hypo taken on the project finance for the “Dreischeibenhaus” in Düsseldorf. When it has been completed, the total cost of the project will be around EUR 220 million. The project developer is the Momeni Group, which has Black Horse Development GmbH and its sole owner Patrick Schwarz-Schütte of Düsseldorf as its project partner.

The 94-metre-tall “Dreischeibenhaus” has a useful floor area of around 35,000 sqm on 25 floors above ground level. It also has 260 underground parking spaces. The building is being completely renovated in accordance with “green building criteria” and will therefore meet high environmental standards. The lobby and façade of the office tower built in 1960 enjoy protected status. From the time it was built up until 2010, the building was used by the steel concern Thyssen AG and its successor ThyssenKrupp AG as its head office. The renovation work is expected to be completed in mid-2013.

>Further information (in German only)

Power of attorney

The Deutsche Hypo takes over the implementation of NORD/LB's commercial real estate banking. Listed below you can find the respective authorizations:

>Power of attorney (PDF, 50 KB)
>Power of attorney (derivatives business) (PDF, 49 KB)

The original German version is signed and legally binding:
>Power of attorney Deutsche Hypo (in German only) (PDF, 51 KB)
>Power of attorney Deutsche Hypo derivates business (in German only) (PDF, 52 KB)