LBBW FINANCES CONSTRUCTION OF THE "QH TRACK" REAL ESTATE PROJECT

Berlin, 24 May 2019. In the immediate vicinity of Berlin’s main train station, LBBW is financing the construction of the “Track” building ensemble for Aggregate Holding and the project developer Taurecon as part of the large-scale Europacity new development “Quartier Heidestrasse”. The long-term financing comprises approximately EUR 400 million and is accompanied by LBBW as arranger, agent and security agent.

The ensemble consists of nine interconnected structures and, when completed in 2023, will offer around 108,000 square meters of office space along Heidestraße for around 8,500 workplaces.

„Die Entwicklung des ‚Quartier Heidestrasse‘ ist zurzeit vermutlich die größte und wichtigste Stadtentwicklung und -bebauung in ganz Europa“, sagt Patrick Walcher, Leiter des Bereiches Immobilien der LBBW. “The sheer size of the single project track increased the need for coordination and complexity, but with a great team effort from everyone involved, we managed to complete it in a short time.” “We are delighted to have strong partners on our side who share our vision of a smart, digital and vibrant neighborhood.

QH Track will be an office building that will enable all forms of modern and flexible working of tomorrow,” says Thomas Bergander, managing partner of Taurecon Real Estate Consulting GmbH.

This transaction was advised by Aggregate Financial Services GmbH. “The pragmatic and partnership-oriented cooperation formed the basis for this business success,” says Matthias Sandfort, Managing Director, Aggregate Financial Services.

About LBBW
Landesbank Baden-Württemberg (LBBW) is a universal bank for small and medium-sized enterprises and the central institution of the savings banks in Baden-Württemberg, Saxony and Rhineland-Palatinate. Core activities are corporate customer business, especially with medium-sized companies, and business with private customers and savings banks. Another focus is on real estate financing in selected markets and customer-oriented capital market business with banks, savings banks and institutional investors. For many years, LBBW has been one of the market leaders in the issuance and placement of capital market instruments, particularly in the marketing of promissory note loans.

About Aggregate Holdings S.A.
Aggregate Holdings S.A. is a real estate developer focusing on residential and commercial projects in Germany and selectively in other European countries. Through its unique and diversified business model, Aggregate Group invests directly in real estate development companies (“Developers”) as well as real estate development projects (“Projects”). Through its long-standing network built over decades of real estate investment and development, Aggregate Group has created unique access to off-market investment opportunities. Aggregate Group is backed by Page 3 Press Release May 21, 2019 a highly respected and experienced management team and benefits from a solid and proven track record of accessing capital and equity markets, making it a strong player in real estate development.

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