Acting on the owner‘s instructions, Kintyre Investments has restructured the long-term financing of BERO-Zentrum in Oberhausen. Helaba has provided a fixed-rate €86m loan on the property, for a term of seven years. The shopping center was extended by 18,000 sqm during a two-year reconfiguration period, ending in autumn 2015. It now provides lettable area of 44,000 sqm. More than €40 m was invested in the upgrade. The property is owned by a range of South African investors and an Israeli institutional partner, who acquired it jointly in 2011. The BERO-Zentrum now provides around 100 shops. The tenants include Kaufland, Aldi, dm, Intersport Bechtel, McDonald, Dänisches Bettenlage. The transaction was facilitated by lawyers HSF and DLA Piper.
