by Property Forum
Trei Real Estate, an international developer and asset manager for residential and retail real estate, has raised €40 million in debt funding from Berlin Hyp mortgage bank. The funds will be disbursed in two tranches: The first tranche in the amount of €27.8 million was paid out in December 2022, with the second tranche in the amount of €12.2 million to follow by December 2023. The loan has a five-year maturity and was collateralized with eight retail parks of the company’s Vendo Park brand in Poland. The properties were completed during the past twelve months or else will be completed in the course of 2023. The debt capital is earmarked for the construction of additional Vendo Parks in Poland as well as for further residential developments in Germany and Poland.
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