Frankfurt am Main, 29.08.2018
The consulting firm Capcora, specialized on real assets, has arranged a mezzanine bridge loan for the realization of a project of EYEMAXX Real Estate AG, a real estate company which is based in Aschaffenburg and listed in the General Standard of the Frankfurt Stock Exchange.
EYEMAXX Real Estate AG ("EYEMAXX") is currently developing and realizing various real estate projects in major German and Austrian cities. The project, for which Capcora was mandated to source mezzanine lenders, is one of the bigger project developments in Germany from EYEMAXX’s portfolio.
"We are pleased that we have identified a suitable partner for this exciting project who was able to successfully handle both the complexity of the transaction and the requirements of our client EYEMAXX. Thanks to the good cooperation of all parties involved in the transaction, it was possible to optimize the debt to equity ratio and the financing structure itself.", said Christian von Olnhausen, Managing Director at Capcora and responsible for the real estate activities.
The efficiency of EYEMAXX as a project developer, its capital market presence and the associated professional corporate communication have also contributed to the successful implementation of the transaction.
"We are pleased to have completed this transaction and to be able to use the released liquidity for new projects. EYEMAXX’s multiple opportunities to raise capital both at the project and corporate level are a key success factor for us. This includes good cooperation with various lenders and professional advisors such as Capcora," said Kristian Radosavljevic, CFO of the EYEMAXX Group.
EYEMAXX Real Estate AG is a real estate developer listed on the German Stock Exchange with a focus on residential real estate in Germany and Austria, as well as urban district developments and nursing homes in Germany. The corporate strategy has been expanded to include serviced and micro apartments as well as student apartments. In addition, EYEMAXX realizes retail and logistics real estate in the CEE / SEE countries. The business model of the EYEMAXX Group comprises two pillars: The development of real estate projects generates development returns. In addition, rented commercial real estate in Germany and Austria is held in the existing portfolio, generating continuous cash flows through rental income.
Capcora is an on real assets specialized company consultancy and raises equity, mezzanine and debt capital for energy and infrastructure projects, real estate and mid-sized companies. The focus is in particular on mezzanine financing for the recapitalization of tied liquidity in existing portfolios as well as on interim financing of developments and construction measures in the field of renewable energies (photovoltaics, onshore wind) and real estate via alternative financing sources.