Project Nanuk 2019

€28.2 million refinancing of a mixed-use portfolio in regional cities.

A leading Dutch property developer and investor was looking to refinance a mixed-use portfolio of 4 assets. In line with our client’s strategy to focus on assets dominant in their area and sector within major regional cities in The Netherlands, the properties had a proven track record. The portfolio includes a landmark office building and two supermarket anchored shopping centres, all having been developed by our client and retained for their investment portfolio.

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Having successfully upgraded, expanded and leased the properties in recent years, our client was looking for a long-term financing solution that would unlock the equity value added and provide attractive financing terms.

A European bank with a Dutch focus

PolarReal assisted our client by arranging the refinancing with a European bank. The new financing consolidates a number of existing loans and provides a long-term financing solution for the portfolio at an attractive leverage and a competitive fixed rate.

This lender has recently entered the Dutch market but has already chosen it as one of their key foreign markets. Both the profile of our client and the portfolio size were a good match for the bank’s lending strategy.

Placement value

€28.2 million

Asset type

Offices, Supermarkets, Logistics

Main challenges

Mixed use, fiscal unity


Dutch developer/investor

Financing Type

Investment loan


EU bank

Delivery date

June 2020


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