Refinancing provided entirely by Erste Group

Erste Group was the sole underwriter and arranger of the refinancing and also acted as facility and security agent. At €320 million, the refinancing for Wien-Mitte is Erste Group’s largest single real estate loan to date.

“Erste Group is proud to have financed as sole underwriter in its home market such a large and high-quality trophy asset as Wien-Mitte. This transaction marks a continuation of Erste Group’s strategy to finance super prime, green buildings that are owned and managed by high quality sponsors with strong asset management track record,” said Wolfgang Molnar, Executive Director for Commercial Real Estate at Erste Group.

“MSREI is delighted to have completed the refinancing of this landmark trophy asset with Erste Group. We have been investing in quality properties in Austria for the past decade and we continue to like the fundamentals of the Austrian real estate market,” said Oriol Espinet, Executive Director at MSREI.

^{About Morgan Stanley Real Estate Investing
MSREI is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for over three decades, MSREI employs a patient, disciplined approach through global value-add / opportunistic and regional core / core-plus real estate investment strategies. With 17 offices throughout the U.S., Europe and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. MSREI currently manages $52 billion of gross real estate assets worldwide on behalf of its clients.}