Origination

• Acquired former VUB Bank (Intesa Sanpaolo) headquarter offices directly from the bank

Ownership

• Equity/operating partnership

Role

• Bifrost was responsible for origination, financing, value creation and active management during the holding period

Value Creation

• Sourced the transaction via direct relationship with the board of the bank. Structured finance package included a vendor loan, traditional debt and equity. Designed a mixed ise redevelopment of the property into retail, office and residental. Secured building permits and sold the investment to a leading CEE real estate developer.

Property Type

• Developemnt/multu-use
• Retail
• Office
• Presidential
• Developemnt/multu-use
• Retail
• Office
• Presidential