Acquisition financing for a Randstad office portfolio

Background

The portfolio to be financed consisted of nine office properties spread across the Randstad. The total leasable floor area was approximately 69,000 m² (gross), with a broad tenant base and a low vacancy rate.

Traditional banks were cautious, partly due to the challenging market conditions in the retail banking segment and the fact that the client is a foreign entity.

Asset Partners launched a competitive bidding process among international firms with experience in such structures and markets. The selected German bank, Hamburg Commercial Bank, offered appropriate financing, combined speed in decision-making with certainty of results, and was willing to finance the foreign structure.

Furthermore, the financing was tailored to the ongoing bidding process, ensuring that the acquisition and closing proceeded seamlessly.

Result

• Bidding process involving multiple international financial institutions
• Transparent accountability for the market process and the terms and conditions that were agreed upon
• A German bank has been found that is willing to finance a foreign entity
• Appropriate advance payments and assurance of closing
• Alignment with the bidding process to ensure successful and timely completion