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Real Estate Finance | Jul 3, 2017

“Die Macherei” – development finance in Munich’s east end

As the Arranger and Sole Lender, Helaba is providing a loan in a triple-digit million range to AI Eastside Areal GmbH & Co. KG, a joint venture of Art-Invest Real Estate and Accumulata Immobilien, for the “Macherei” project on the former premises of a company in Berg-am-Laim-Strasse, on the corner of Weihenstephaner Strasse, in Munich.

The construction of 6 buildings with a total lettable area of around 64,000 sqm, divided among office and retail space, restaurants, a designer hotel, serviced apartments and a gym, will start in the autumn of 2017 on the plot, which has an area of approx. 26,400 sqm. The centrepiece of the ensemble will be the incubator building with a brick façade and large-scale glazing 


 

Overview 
Investment:

Project development “Die Macherei”

Customers:Art-Invest Real Estate / Accumulata Immobilien
Type of finance:Development facility 
Role of Helaba:Arranger and Sole Lender
Unit/department:Real Estate Finance Munich
Closing/funding:June 2017