€ 388 million
Development and Investment Financing in a consortium
The „Schwabinger Tor“ in Munich is currently one of the largest inner-city real estate development projects in Germany. Nine buildings are being created in Schwabing, with a space of 90,000 m2 (approx.). The special feature of this project is the vertical mixed use of the space for retail, restaurants, offices and apartments, combined with a 5 star-plus hotel and integrated conference centre. The project manager and land owner is the Jost Hurler Group. pbb acted as Arranger, structuring the loan with a volume of € 388 mn and a loan period of 20 years. pbb involved ERGO Life Insurance as a partner. As financer, pbb provides
€ 188 mn of the loan, whilst ERGO provides € 200 mn.