BVK injects debt for Frankfurt tower

Pensions group BVK is investing in one of Frankfurt’s landmark office towers through debt rather than equity. Bayerische Versorgungskammer has lent €300m, at a 60% loan-to-value ratio, to the three owners of Tower 185. The investment is believed to yield around 3% for BVK investors. BVK made a “long-term real estate loan”, said law firm […]

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