MüchenerHyp promote purchase of Garden Tower
Founded in 1896, the German company MünchenerHyp will provide a long-term in the several hundred million euro. The company firm’s aim financing the purchase of the Garden Tower in Frankfurt.
One of the most important buildings of Frankfurt, the Garden Tower has an area of 127 square meters. The building, which is suitable for long term rentals, has 17 tenants. The building has more than 27,000 leasable office space.
“We are pleased to be involved in this first joint financing project with GEG. THE transaction is part of our strategy to support large volume core invesments as sole underwriter” says Dr. Louise Hagen, Chairman of the Board of Management of MünchenerHyp.
The Garden Tower is a high-rise building in Frankfurt, Germany. The building was established between 1973-1976. The Garden Tower holds the economy of Frankfurt. It is an important economy and investment area for the city.
Münchener Hypothekenbank eG provides financing for residential and commercial property to German co-operatives and banks. The bank was first established with the support of the Bavarian government. The Bank has developed itself as a modern mortgage bank. The bank is one of the few mortgage banks in Germany. The bank, which is a reliable financing partner, has been giving estates to German companies for many years.
Sevdenur Demir / realestatecoulisse.com
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