Aareal Bank refinances The Social Hub

Aareal Bank refinances The Social Hub

Aareal Bank refinances The Social Hub
The realisation of the 5 TSH hotels, which are due to open in the next 18 months, was secured by the new loan. / © The Social Hub

Aareal Bank announces the successful closing of a € 566 million refinancing facility with The Social Hub (TSH), together with two participating lenders, one of which being Rabobank.

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The Student Hotels grows into billion-dollar company

23.6.2022

Amsterdam. Singapore's sovereign wealth fund GIC, Charlie MacGregor as founder and APG as previous shareholder acquire a "substantial" stake in The Student Hotel from Aermont Capital. The transaction values TSH, including assets under development, at 2.1 billion euros. Aermont Capital exits the company.

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