Mainz, 10 January 2011: Westdeutsche ImmobilienBank AG (WestImmo) is pleased to announce that it has provided Rockspring TransEuropean Property Limited Partnership IV with investment financing for 'The Ferio Shopping Centre' in Konin, Poland. The transaction was successfully arranged, underwritten and completed on 14 December 2009.
The third generation 'Ferio Shopping Centre' is a prime, dominant retail scheme within the city of Konin, located in the Greater Poland Voivodeship in Central Poland. The Greater Poland Voivodeship is second in area and third in population among Poland's sixteen Voivodeships, with a population of close to 3.4 million. The shopping centre occupies a single-level gallery of c.13,700 sqm GLA with 65 units, plus a DIY Castorama and a retail building including tenants as Media Markt, Jysk and Komfort as well as 1,100 parking spaces. The footfall of the centre amounts to approximately 2,000,000 people a year. The scheme was opened in May 2008.
Martin Erbe, Head of Continental Europe at WestImmo, commented: WestImmo is pleased to have provided the financing to Rockspring for this transaction. WestImmo believes in the strong Polish economy and sees regional shopping centres as a good risk diversification for its Polish portfolio.”
Notes to Editors:
Rockspring TransEuropean Property Limited Partnership IV was established on 22 June 2007 and registered in England. It provides investors with the opportunity of participating in the principal property investment markets throughout Europe. TransEuropean IV is a Limited Partnership.
Westdeutsche ImmobilienBank AG (WestImmo) is one of Germany's leading commercial real estate financers and maintains a strong presence in the Western, Central and Eastern European markets, as well as in North America and Asia. WestImmo's corporate customers include global institutional investors, international developers and companies operating in the real estate sector. With 480 employees and total assets of approx. € 26 bn, WestImmo is a strong and competent partner in all real estate transactions and financing activities. In 2009 WestImmo has committed more than € 6 bn new loans to its clients worldwide.