Gagfah eyes another CMBS, for NILEG portfolio

By Joseph McDevitt
19 Aug 2013

German property company Gagfah is considering using a CMBS to refinance three multi-family housing portfolios from its NILEG subgroup ahead of the loans’ April 2014 maturity date.

The NILEG subgroup, which consists of four housing portfolios with a total of around 28,000 units, was bought by Gagfah in 2005. The majority of the properties are in Bremen and Lower Saxony.

According to its interim half-year results, it is contemplating a new CMBS to refinance three ...

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