HSH Nordbank lends €82m on Orion retail

HSH Nordbank has provided an €82m facility to Orion Capital Managers for the purchase and refurbishment of the Lilien-Carré shopping centre in Wiesbaden, near Frankfurt, Germany. Orion bought the retail outlet without third party financing in December last year through its European Real Estate Fund IV. A component of HSH Nordbank’s loan is pro-rated refinancing for the purchase.