Stuttgart: Berlin Hyp finances Lautenschlager complex with €55.7mn
Berlin Hyp is issuing LBBW Immobilien Management a loan of €55.7mn for refinancing and refurbishing the Lautenschlager complex in Stuttgart. The loan has a ten-year term and is financing an ensemble of four buildings. In the first phase of construction, two new structures were built and one existing building renovated by the end of 2017. Work on the landmarked front structure, which has been deconstructed down to the historic façade, will start in April 2019. It is scheduled to be completed by late 2020. The 13,100 sqm complex offers a mix of uses including offices, retail, restaurant, and residential space.
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