DUISBURG, GERMANY-Aareal Bank, Landesbank Hessen-Thuringen ('Helaba') and Allianz Real Estate have provided a EUR 650-million loan facility for CentrO in Oberhausen. The financing was secured by a joint venture between the Canadian Pension Plan Investment Board and the Stadium Group.
CentrO, jointly owned by CPP Investment Board and Stadium Group, is currently valued at roughly EUR 1.3 billion. It provides leisure and shopping activities on roughly 1,722,225 square feet of leasable area. For the full story, go to Europe Real Estate .
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