The German banks UniCredit Bank AG (HypoVereinsbank) and Helaba as mandated lead arrangers have co-arranged a EUR 115m refinancing facility for seven Hornbach DIY stores in Germany and Sweden. The retail portfolio is owned by Taurus Investment Holding Deutschland GmbH, the German subsidiary of Taurus Investment Holdings, LLC. UniCredit Bank is not only lead arranger but is also acting as facility and security agent, responsible for the documentation and bank accounts in this transaction. The club deal has a seven year term and was successfully closed last week.
The Hornbach Portfolio consists of six properties in Germany and one in Malmö, Sweden. The German stores are located in Munich, Berlin, Essen, Kiel, Remseck (near Stuttgart), and Binzen (Lörrach).
“We are very pleased to have played a leading role in this club deal. This once again proves our expertise in the structured financing of commercial real estate in cooperation with international real estate companies”, comments Maria-Teresa Dreo, Head Real Estate Germany of HypoVereinsbank.
“We have held and managed these properties successfully over the past ten years as one of the Club Deals in our Portfolio. The investors are High Net Worth individuals from Germany, Europe and the USA. We are pleased to have been able to refinance our Portfolio at attractive interest rates and we were correct in our assumption that the family-owned Hornbach Company will establish itself as one of the strongest players on the DIY market which makes them a great tenant to have”, adds Guenther Reibling, founding partner, EVP and COO of Taurus Investment Holdings, LLC.
About Helaba Landesbank Hessen-Thüringen
Helaba is a German Landesbank and Central Savings Bank (Sparkassenzentralbank). As a classic balance-sheet lender, real estate has always been a core activity for the bank. In real estate lending Helaba is focused on customers and commercial properties in Germany, selected markets in Europe and in the U.S. www.helaba.com
About Taurus Investment Holdings, LLC
Taurus Investment Holdings, LLC is a real estate private equity firm founded in 1976 that acts as an owner, developer, operator and co-investor active in 30 markets around the world. Taurus was founded in Munich and is currently headquartered in Boston, MA. Taurus, together with its international private investors and strategic joint venture partners, leverages its local market proficiency and performance record to capitalize on select investment opportunities. Since inception, Taurus has acquired and sold more than 2 million square meters of residential, office, industrial, retail and other real estate assets. The investments under management are distributed globally and encompass an acquisition value of over 3 billion USD. www.tiholdings.com
About UniCredit Bank AG
UniCredit Bank AG is part of one of Europe’s largest banking groups, UniCredit. With approximately 17,600 employees and about 740 branch offices, it is one of the largest financial institutions in Germany. It is responsible for all of UniCredit's business in Germany, while also functioning as the competence center for international investment banking for the whole Group. www.hypovereinsbank.de
Press contact Helaba
Wolfgang Kuß
Tel.: +49 - 69 - 91 32 21 92
Press contact Taurus Investment Holdings, LLC
Holger Friedrichs
Head of Communications
Dr. ZitelmannPB. GmbH
Tel.: +49 - 30 - 72 62 76 157
Mobil: +49 171 22 35 421
E-Mail: friedrichs@zitelmann.com