Berlin Hyp has provided EUR 105 mln financing to Atrium European Real Estate for the acquisition of Promenada shopping centre in Warsaw. The loan terms are for five years.

Promenada opened in 1996 with a gross lettable area of 54,000 m2 and is the fourth largest shopping centre in the Polish capital. About 42,000 m2 is for retail and a mulitplex cinema, and around 12.000 m2 is for office space. The shopping centre is fully leased. Supermarket Alma is the anchor tenant, with Electroworld, H & M, Zara, Esprit, La Coste, Go Sport, Kappahl and Bennetton among the other tenants.

Berlin Hyp is part of the Real Estate Finance Business Division of Landesbank Berlin and one of the largest German real estate finance providers. Berlin Hyp concentrates its sales activities on business with investors, housing enterprises, real estate funds, capital investment companies and selected construction enterprises and developers.