Helaba, together with pbb, is financing the purchase of the landmark Highlight Towers (HLT) building in Munich for the joint venture between IMFARR Beteiligungs GmbH and SN Beteiligungen Holding AG. The loan amount of the senior financing is in the mid three-digit million range, which Helaba and pbb will underwrite in equal parts.
The "Highlight Towers" are located in Parkstadt Schwabing, one of Munich's most important office locations. At 126 and 113 meters high, the HLT are among the city's tallest high-rises. They are connected by glass and steel building bridges on the 9th/10th and 20th floors. In addition to the two office towers, the ensemble with around 80,000 square meters of gross floor area includes two plaza buildings, which house a hotel and a restaurant in addition to further office space. The main tenants are the internationally active tech companies Fujitsu Technology Solutions, IBM Deutschland and Amazon Deutschland Services.
Fritz Müller, Head of Real Estate Finance Germany Regions at Helaba, is pleased with the transaction: "Another lighthouse transaction with the joint venture of IMFARR and SN Beteiligungen this year. We are pleased to further strengthen our business relationship after the "Silver Tower" financing in Frankfurt am Main now with the "Highlight Towers" in Munich."
Gerhard Meitinger, Head of Real Estate Finance Germany at pbb, said, "The Highlight Towers literally stand out from our home market and we are pleased to support the joint venture with a senior financing."