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CORESTATE Bank arranges a EUR 130 m bond for the acquisition of a development site in Berlin

The project involves the redevelopment of a mixed-use disctrict in Berlin Neukölln on the site of a former freight station. The approx. 18,000 m² area will include a high-rise building with office and commercial space, a student home and further buildings with up to eight floors that will be used for a mix of residential, commercial and office space. After completion, the quarter will comprise a total GFA of around 121,922 m², a lettable space 83,079m² and 490 underground parking spaces.

To cover acquisition costs CORESTATE Bank arranges a 130m secured senior bond.

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