PingProperties completed first transaction with HCOB
04-09-2020
PingProperties has completed a long-term refinancing with Hamburg Commercial Bank AG (HCOB). The refinancing involves an amount of EUR 24 million. It is the first time PingProperties has concluded financing with HCOB.
The refinancing contributes to PingProperties’ strategy to generate long-term stable returns. HCOB, headquartered in Hamburg, is pleased to expand its commitment in neighbouring European countries with this financing. With this financing, which has been established by HCOB within 4 weeks, PingProperties is entering into a new relationship.
About the portfolio
The portfolio was established by PingProperties in 2013 by combining several head offices together. The portfolio consists of several offices at prime locations in the Randstad with a total floor space of more than 22,000 m². All buildings function as headquarters for the tenants.
About Hamburg Commercial Bank (HCOB)
Hamburg Commercial Bank is a German private commercial bank that resolutely looks at things from the perspective of its mostly medium-sized corporate clients. Tailored finance and a high level of structuring expertise including syndications characterizes the bank. . www.hcob-bank.de
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