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Berlin Hyp finances “Eleven Decks” in Hamburg’s HafenCity for DC Developments with €131 million

25 November 2021

© DC Developments

Berlin Hyp has provided a loan of approximately €131 million to a project company of DC Developments for the construction of a residential unit in a central location in Hamburg’s HafenCity. The loan has a term of around three years.

A total of 306 owner-occupied apartments is being financed under the project name “Eleven Decks”. The apartments will feature high-quality furnishings, including kitchen and built-in furniture, and they will be sold gradually to owner-occupiers and capital investors. The total usable floor space is around 21,100 square metres. Berlin Hyp is seeking to obtain BREEAM “Excellent” certification for energetic quality after the property has been completed.

Asset class
Residential
Client
DC Developments
Type of financing
development financing
Financing volume
€ 131 million
Function of Berlin Hyp
Sole Lender
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