In syndication: 167 million euros to finance the first part of the I/DCologne district development in Cologne-Mülheim

Along with Sparkasse KölnBonn and Kreissparkasse Köln, Berlin Hyp has granted adevelopment loan of 167 million euros to a joint venture of Art-Invest Real Estate and OSMAB Holding AG. Berlin Hyp will takeover the lead management of the syndicate.

"I/D Cologne", currently the largest commercial project in Cologne, will be implemented over the next seven years on the former freight station site of Cologne-Mülheim. With approximately ten buildings on a total of approximately 160,000 m² GFA, it will comprise a modern and sustainable mix of office, hotel, health and fitness, gastronomy, parking and open spaces. The S-Group syndicate is initially financing four office buildings, a hotel and a multi-storey car park as part of the implementationof the first 85,000 m²GFA of the district.

The initiators Art-Invest Real Estate and OSMAB Holding AG will put into effectthe ambitious project with their market expertise and professionalism and thus contribute to Cologne's urban development.