CV Real Estate AG closes EUR 188 million deal with participation of FAP Invest

CV Real Estate is acquiring the BMW property in Munich-Milbertshofen for an investment volume of approximately 188 million euros. It is a joint venture deal with institutional investors, financed by a Pfandbriefbank as senior and a club of subordinated financiers. One of them is the Balanced Real Estate Financing I fund advised by FAP Invest.

"Well-structured club deals offer real added value for both the lender and the borrower side. This financing is a good example of this and at the same time proves that even complex structures can be successfully implemented with a traditional bank in a creditor agreement. Although this required some effort," says Managing Partner Hanno Kowalski.