Deutsche Hypo finances “Viktoria Karree” in Bochum
Deutsche Hypo is financing the construction of Bochum’s “Viktoria Karree” for €116mn. Sparkasse Hannover and Sparkasse Dortmund also each contributed €25mn to the four-year loan in the event of a subsequent third-party transfer of risk. The downtown shopping and services center is a project of HBB Hanseatische Betreuungs- und Beteiligungsgesellschaft. Around 37,900 sqm UFA will be created in three building sections on the site of the current Justice Building by 2021. The project includes office space with the City of Bochum as main tenant, a hotel, and space for retail and restaurants.
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