Helaba refinances ”Quartier 205“ for Tishman Speyer in Berlin

Helaba is refinancing the "Quartier 205" urban quarter in the heart of Berlin for Tishman Speyer. The EUR 250 million loan has a term of ten years and Helaba will assume full underwriting of the financing while syndicating a portion of the amount.

"Quartier 205" is a mixed-use property located between Friedrichstrasse and Gendarmenmarkt in Berlin-Mitte and has around 52,000 sqm of rental space and 484 parking spaces. Whilst two-thirds of the asset is used as office space, it was originally developed by Tishman Speyer in the mid-1990s as a building to serve as a dynamic mixed-use experience comprising working, living and shopping in the historic centre of Berlin. Infrastructure and public transport access are exceptionally good given its location right next to the Stadtmitte subway station.

Importantly, the credit facility includes an innovative social impact feature whereby the bank and the investor make a matching contribution to a selected local charity on an annual basis. This innovative partnership is the fourth of its kind for Tishman Speyer and its Tishman Speyer European Core Fund (“TSEC”), a fund promoting environmental and sustainable characteristics under Article 8 of the European SFDR regulations. It builds on numerous positive ESG initiatives undertaken by the company in recent years, seeking to make a positive societal contribution in challenging times.