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Aggregate Financial Services advised on the successful EUR 148.5m financing for the development of condominiums on the “Wilhelm” property in Berlin.

Aggregate Financial Services successfully advised the sponsors regarding a total of EUR 148.5m senior and junior secured financing for the development of condominiums on the “Wilhelm” property close to the Brandenburg Gate in Berlin.
The senior tranche has been structured as a combination of a rated bond, a Schuldschein-loan and a stretched senior component, with the junior tranche being provided as a single Schuldschein-loan.
The Wilhelm development is one of the most prominent condominium projects in Germany and involves the construction of more than 100 high-quality condominiums on more than 17,000 sqm lettable area over the next years. AFS advised the sponsor on several financing instruments, the capital structure and the repayment of the previously existing debt structure. The financing involves several different investors and tranches and is comprehensively secured with all material assets of the property company.

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