Maslow Capital provided Tikehau Capital and Dunman Capital with a development facility for a serviced apartment project in Berlin-Charlottenburg. The financing supports the acquisition and conversion of a currently vacant hotel into c. 250 serviced apartments.

Delivered by its local German team, the financing sees Maslow Capital support the repositioning of an existing property in central Berlin, providing Tikehau Capital and Dunman Capital with reliable funding for the full business plan.

The conversion of the hotel at Wielandstraße 8 will increase its gross floor area (GFA) from approximately 3,800 sqm to approximately 7,300 sqm. Communal areas including a bar, kitchen, breakfast area and fitness area are planned for the ground floor and basement.

The Charlottenburg location is within walking distance of Savignyplatz and Kurfürstendamm.

Léo Béchet, Director, Head of Origination at Maslow Capital Germany, says: “This transaction brings together several factors that are decisive for us when financing a project: experienced and well-capitalised sponsors, a compelling use concept and an established location. At the same time, the project shows how important it is to have financing partners that can move at pace to provide certainty of structuring and execution, even for more complex development and repositioning strategies. We see strong demand in Germany for flexible financing solutions. With our ability to provide partners with tailored capital exactly where it is needed, we are well positioned to meet that demand.”