Oceans’ Real Estate Finance division advised on the senior mortgage financing for Aviva Investors Continental European Long Lease Strategy (CELLS) Fund’s acquisition of a commercial property complex in Duisburg.
The properties built in 1997 & 2003 comprise a total lettable space of approx. 28,700 sqm and are fully let to Deutsche Bahn AG with an average lease term of 15 years.
Aviva Investors is the investment management arm of Aviva PLC, the UK’s largest insurance company and the 5th largest in Europe, managing assets under management of more than € 391bn globally, thereof € 51bn in real assets including € 30bn in real estate debt and equity.
Oceans & Company has exclusively been mandated to source and execute the EUR 22mn financing provided by Sparkasse Duisburg.