CA Immo secures green property loan of €115m

Large-volume new financing concluded for Munich prime office building Kontorhaus in attractive inner-city location in a difficult market environment

CA Immo and HypoVereinsbank have agreed new financing of €115m with a term of 5 years at an interest rate of around 4% for a prime office building in Munich. The prime office building Kontorhaus in Munich's Arnulfpark near the main railway station was developed by CA Immo and completed in 2015. It is nearly fully let, anchored by two blue chip US technology companies and has DGNB Gold sustainability certification and high energy efficiency. Based on this, the financing was structured as a "green loan".

Dr. Andreas Schillhofer, CFO of CA Immo: "We are delighted with this vote of confidence in a market environment that is currently extremely challenging, especially for new real estate financing. The conclusion of this large-volume financing agreement confirms our strategic approach of consistently focusing on stable, conservative financing ratios and concentrating our portfolio on high-quality, sustainable prime assets in top locations. This creates trust among tenants, shareholders and also our financing partners."

Dr. Christian Federspieler, Head of Real Estate Germany at HypoVereinsbank: "We have been working together with CA Immo on a basis of trust for many years and are delighted to be able to provide a green loan to finance the Kontorhaus in Munich. We will continue to provide financing for stable, well-positioned companies and buildings in prime inner-city locations and of high quality and support the real estate sector on its way to a more sustainable future.”