Berlin: Hamburg Commercial Bank finances Pandion project with €70mn

13/03/2019

Hamburg Commercial Bank (formerly HSH Nordbank) is handing Cologne-based developer Pandion financing of €70mn for the project “The Shelf” in Berlin-Kreuzberg. The bank had already been on board with financing the land purchase on Prinzenstraße 89/90. “The Shelf” will be a commercial park with nearly 14,000 sqm office and 3,400 sqm retail and storage space. Plans further include 200 bicycle parking slots and 80 parking spaces. Pandion is also developing a commercial complex called “The Grid” on the adjacent lot Prinzenstraße 34. The company had bought both lots in early 2018 from car rental company Robben&Wientjes.


TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 480,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.