Berlin Hyp finances new residential building with three savings banks for B&L Gruppe with €230 million

Berlin Hyp is providing a total loan amount of €230 million to Main Square GmbH & Co. KG, a company of B&L Gruppe, in a club deal with the Taunus-Sparkasse, Sparkasse Göttingen and Sparkasse Oberhessen savings banks. The savings banks are participating in the financing with a total of €90 million, with Berlin Hyp as the syndicate leader.

This will finance the construction of a new multi-family residential complex complete with townhouses and two high-rise towers. A total of 288 owner-occupied apartments with approximately 25,200 square metres of residential space and 245 underground car parking spaces will be built directly on the Main River, in the immediate vicinity of the European Central Bank. Completion is scheduled for 2023.