FINANCE Deutsche Asset & Wealth Management and Deutsche Pfandbrief have closed the financing for Indiabulls Real Estate’s £155m acquisition of 22 Hanover Square, W1.
DeAWM’s Luxembourg unit and its German partner on the transaction did not disclose any terms of the financing.
Andrea Vanni, head of European Real Estate Debt Investments for DeAWM, said: “22 Hanover Square is an exciting asset in a very strong location and we are very pleased to assist the buyer, Indiabulls Real Estate, in this acquisition.”
The mezzanine loan was acquired by RREEF Spezial Invest on behalf of one of its institutional clients.
