Deals
Attacq Ltd, Facilities

| Real Estate | Real Estate finance

Feb 01, 2016

Standard Bank’s Real Estate Finance division successfully concluded the refinance and increase of three foreign currency denominated transactions for Attacq Investment Holdings. The deal amounts consisted of:

  • USD50 million for the refinancing of existing facilities for a further period of 3 years;
  • USD10 million in additional funding for a new 2 year period; and
  • EUR21 million in additional funding for a new 3 year period.

 

The above transactions were utilised to fund Attacq’s foreign currency equity requirements in Africa and Europe. Attacq Limited is a Johannesburg Stock Exchange listed real estate fund and is regarded as a market leader in the real estate sector in terms of its assets and management team. Their three main strategic focus areas include directly held properties in SA (81%), emerging markets investments (6%) and developed markets investments (13%).

 

Attacq Investment Holdings International Limited (AIHI) is a 100% subsidiary of Attacq and is domiciled in Mauritius. AIHI serves as conduit for all of Attacq’s investments into Africa and Europe.

 

Standard Bank was able to provide Attacq with hard currency on an innovative funding structure complemented by competitive pricing.

Back to all deals
  • Share
    Share
  • Email
Get in touch with us

Connect with the right client relationship and specialist teams to move you forward.

Insights

Connect to the right investments with opportunities that match your aspirations.

More

Bringing you the latest insights from the Standard Bank Group

More