Macquarie is cornerstone investor for junior financing to office and light industrial portfolio in Germany
02 May 2014
Macquarie was the cornerstone investor in the junior tranche of a €66m facility to Dazzle Capital Holdings secured by 6 commercial property clusters in Wolfsburg, Germany. The properties comprise of offices and light industrial real estate with Volkswagen AG as the anchor tenant. Wolfsburg is the global headquarters for Volkswagen and has the highest GDP per capita in Germany.
This transaction demonstrates Macquarie's ability to work quickly by providing a binding commitment in less than 3 weeks and to flexibly invest throughout the capital structure based on the requirements of the sponsor.