NIBC N.V.
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Publicatie datum
08 mrt 2006 - 18:03
Statutaire naam
NIBC N.V.
Titel
NIBC closes € 155 million CMBS on Berlin social housing portfolio
Bericht
Today NIBC has closed the MESDAG (Berlin) transaction. MESDAG (Berlin) is a € 155 million Commercial Mortgage Backed Securities transaction (CMBS). It is the 3rd CMBS arranged by NIBC, albeit the 1st out of its MESDAG CMBS program.
Via MESDAG (Berlin) a broad group of institutional investors have provided financing for a loan that is granted to Alliance VII C.V. Alliance VII C.V. is a limited partnership whose limited partners include the Eindhoven based real estate investors Tom Moeskops and Harry van de Moesdijk. The loan is secured by a mortgage on 4,250 affordable social housing apartments, 33 commercial units and 1,875 parking spaces in Berlin. The properties are located in the Gropiusstadt district, which is an area in former West-Berlin that is conveniently located to the city center.
The transaction consists of 6 classes of notes which are listed at the Irish Stock Exchange. Standard and Poor’s and Fitch Ratings have assigned ratings to the transaction. Pricing on the various note classes are Euribor + 21 basis points for the AAA rated notes, to Euribor + 190 basis points for the lowest rated class of notes. The notes have a weighted average life of 7.7 year. The Loan to Value ratio of the transaction at closing of the CMBS is 76.8%
This transaction supports NIBC’s strategy of strengthening its international position in the real estate market, notably in the targeted and growth market Germany.
For more information, please contact:
NIBC
Hans Rijnberg, Director, Corporate Communications
Phone: +31 (0)70 342 59 05
Web : www.nibc.com
Alliance Group
Jan Willem Neggers, Chief Financial Officer
Phone: +31 (0)40 21 25 80
Web : www.alliance-group.com
Datum laatste update: 10 april 2026