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CORESTATE Bank secures EUR 18m acquisition financing for a sustainable development project between Berlin and Brandenburg

CORESTATE Bank structured and placed a promissory note with a total nominal amount of EUR 18m. The 3-year senior secured financing was placed with institutional investors.

“Against a challenging market backdrop, the closing of this financing is an important signal that experienced developers with sound projects can still finance at very attractive terms with us. The standout feature of this particular transaction was the short timeline – we took all the stakeholders from due diligence to settlement in just 6 weeks.”

Due to the properties’ excellent connection to Berlin and a modern infrastructure, the 12,000 m2 development area is suitable as a modern district development with a sustainable mix of apartments and offices.


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