Hypo Real Estate Bank International and Hypo Real Estate Bank have provided a EUR 124 mln facility to Babcock & Brown Group for the acquisition of a portfolio of six retail assets in Austria and Eastern Europe. The assets are part of a portfolio of 10 properties Babcock & Brown had initially agreed to acquire from Australian real estate developer MID Group, before agreeing to sell four of the assets on to Dawnay, Day Carpathian prior to closing.
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