
Landesbank Baden-W?.
The funding was provided to a joint venture between Oxford Properties Group and Madison International Realty.
The Sony Center – which was completed in 2000 – was developed by Tishman Speyer and is located in Potsdamer Platz.
The scheme consists of eight buildings – including a 26-storey office tower – and comprises almost 112,000m2 of commercial space.
Tenants at the location include Deutsche Bahn, Facebook, Sanofi, Sony and the State of Berlin.
“The Sony Center is a landmark in Berlin – we are therefore particularly pleased that we were able to support two renowned investors in their latest project as mandated lead arrangers together with ING and pbb,' said Thorsten Sch?¶nenberger, LBBW's member of the board of managing directors.
Daniel Younis, head of origination at ING Real Estate Finance Germany, added: “We are very pleased to finance an outstanding Berlin landmark property for Oxford and Madison.
“As a modern and energy-efficient building complex in prime location in Berlin, the Sony Center is in line with ING's sustainability philosophy."
Charles Balch, head of real estate finance international clients at pbb, said: "We were pleased to accompany the financing of this prominent Berlin building complex for the joint venture of the experienced real estate investors Oxford Properties Group and Madison International Realty and will continue to work closely with all partners involved in the transaction as a facility and security agent."
Pbb acted as a facility and security agent for the financing.
-
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
-
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
-
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
-
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
-
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
-
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
-
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
-
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
-
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
-
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
-
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...