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Aggregate Financial Services advised on the successful EUR 20.8m financing for a project development in Berlin.

EUR 20.8 million project development financing with a 2-year term incl. extension option for the partially financing of the purchase price, planning and development costs until the start of construction. Aggregate Financial Services structured the financing for a real estate investor based in Berlin and advised on the entire financing process.

Building rights still need to be created for the site in Berlin-Halensee, located directly at the beginning of Kurf├╝rstendamm, on which a modern office building is to be constructed. For this purpose, an architectural competition was initiated and concluded. The further coordination with the public planning authorities as well as the preparation of the building application documents will probably take about 2 years. Subsequently, the financing is to be replaced by building construction financing.

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