#Press release
#Deal

30.05.2022

Helaba refinances ”Quartier 205“ for Tishman Speyer in Berlin

Landesbank Hessen-Thüringen assumes EUR 250 million financing of this premium prime location property in Berlin

Helaba refinances ”Quartier 205“ for Tishman Speyer in Berlin

Helaba is refinancing the "Quartier 205" urban quarter in the heart of Berlin for Tishman Speyer. The EUR 250 million loan has a term of ten years and Helaba will assume full underwriting of the financing while syndicating a portion of the amount.

"Quartier 205" is a mixed-use property located between Friedrichstrasse and Gendarmenmarkt in Berlin-Mitte and has around 52,000 sqm of rental space and 484 parking spaces. Whilst two-thirds of the asset is used as office space, it was originally developed by Tishman Speyer in the mid-1990s as a building to serve as a dynamic mixed-use experience comprising working, living and shopping in the historic centre of Berlin. Infrastructure and public transport access are exceptionally good given its location right next to the Stadtmitte subway station.

Importantly, the credit facility includes an innovative social impact feature whereby the bank and the investor make a matching contribution to a selected local charity on an annual basis. This innovative partnership is the fourth of its kind for Tishman Speyer and its Tishman Speyer European Core Fund (“TSEC”), a fund promoting environmental and sustainable characteristics under Article 8 of the European SFDR regulations. It builds on numerous positive ESG initiatives undertaken by the company in recent years, seeking to make a positive societal contribution in challenging times.

Quartier 205

Fritz Müller, Head of Real Estate Finance Germany Regions at Helaba, is delighted with the transaction: "I am very grateful for the renewed trust placed in us by our client Tishman Speyer with the financing of "Quartier 205". This deal is a confirmation of our strong and long-standing association and we see it as an endorsement of our distinctive approach to relationship banking at Helaba."

"This deal is a confirmation of our strong and long-standing association and we see it as an endorsement of our distinctive approach to relationship banking at Helaba."

Fritz Müller
Head of Real Estate Finance Germany Regions

Johannes Schmarje, Managing Director overseeing Tishman Speyer’s Berlin operations said: “This refinancing extends for years to come our commitment to the Berlin real estate market where we began our activity over 25 years ago with this very building. We are grateful to Helaba for their continued support and are pleased to be reinforcing the strong and sustainable relationship we have built with them over the years.”

“This refinancing extends for years to come our commitment to the Berlin real estate market where we began our activity over 25 years ago with this very building."

Johannes Schmarje
Managing Director  Tishman Speyer

Tishman Speyer wurde von Taylor Wessing, die Helaba von Simmons & Simmons LLP beraten.


Mike Peter Schweitzer
Head of Communications and Marketing, Press Officer
Marco Pfohl
PR & Communications Manager Real Estate

More News

Your choice

When we make our website available to you, we use cookies. 

Some are necessary to help our website work properly, and can't be switched off. And some are optional, but support us in order to improve your experience during your visit.

Are you happy to accept cookies to improve our website?

Details

cookie [publisher]purposestorage period
_et_coid [etracker]statistic: cookie detection2 years
allowLoadExternRessources [helaba]statistic: Saves the user decision that external components may be loaded automatically.30 days
allowTracking [helaba]statistic: Saves the user decision that visitor behavior may be tracked.30 days
BT_ctst [etracker]statistic: Is used to detect whether cookies are activated in the visitor's browser or not.session
BT_pdc [etracker]statistic: Contains Base64-coded visitor history data (is customer, newsletter recipient, visitor ID, displayed smart messages) for personalization.2 years
BT_sdc [etracker]statistic: Contains Base64-encoded data of the current visitor session (referrer, number of pages, number of seconds since the beginning of the session), which is used for personalization purposes.session
disclaimer_disclosureRequirements [helaba]necessary: Verification when accessing certain (sub) areas of the websitesession
disclaimer_residenceGermany [helaba]necessary: Verification when accessing certain (sub) areas of the websitesession
hideCookieNotice [helaba]necessary: Saves that the cookie or data protection notice will not be requested every time you visit.30 days
isSdEnabled [etracker]statistic: Detection of whether the visitor's scroll depth is measured.1 hour
WSESSIONID [helaba]necessary: Standard cookie to use with PHP session data.session

You can find out more in our data policy.