Hypo Real Estate funds takeovers worth 200m euros

Hypo Real Estate, a division of one of the largest German banks-Hypothekenbank AG, this year provided some 200 million euros in funding for the acquisition of office and commercial projects on the Capital’s market directly from abroad. “This year was the first time we funded project acquisitions in Romania. We are interested in funding acquisitions of office, commercial and logistical projects both in Bucharest and in other important cities in Romania, such as Brasov, Sibiu, Arad and Timisoara”, Andreas Roth, associate director with Hypo Real Estate Bank International AG told ZF. To date the largest amount of funding has been granted to a fund managed by German company GLL Real Estate, which this year acquired the Charles de Gaule Plaza office building, following a transaction estimated at 80 million euros. The German group finances investment funds in countries like Great Britain, Germany and France, having invested over 2 billion euros so far to finance the acquisition of projects in Central and Eastern Europe.