The company MunchenerHyp has granted the German manager Patrizia AG two loans for a combined amount of 56 million euros to finance the purchase of a residential building in Barcelona and a logistics asset in the Madrid metropolitan area. Both of the loans have a term of ten years.
Specifically, the financing of the residential property in Barcelona amounts to 16.75 million euros and has been carried out on behalf of the Barmenia real estate fund “BIF II SCS SICAV-FIS”. The newly constructed building includes 59 homes and around 5,150 square metres of living space plus a restaurant, according to a report by Europe Real Estate.
Read the full article in Spanish.