About the transaction

We are pleased to announce a successful real estate debt raising for CREAHAUS, a leading real estate group based in Luxembourg. This financing was provided by the German Asset-Manager Prime Capital AG (“Prime Capital”) with its recently closed Prime Real Estate European Debt fund.
This transaction will help CREAHAUS accelerate its development by securing a senior secured loan of €34 million for a premium residential newly build asset located in Luxembourg City. This transaction allows the group to refinance existing debt from the development phase.
This real estate asset has the highest energy performance rating, making it an energy-passive building and one of the most sustainable residences in Luxembourg.

Quote CREAHAUS

Laurent Olmedo says: “We are delighted to have concluded this financing with BIL Corporate Finance as our exclusive Financial Advisor. The successful debt raising in these volatile times proves the trustful collaboration we have with BIL and above all with our new investor Prime Capital. Creahaus Group can now accelerate its development thanks to this new financing package.”

Quote BIL Corporate Finance

Frederic Cassani, Haofeng Lu, Peter Schleich say: "With a complex real estate market, we are proud to have advised CREAHAUS on its inaugural alternative financing provided by an international asset manager. It was a great pleasure working with the high-quality management team of CREAHAUS Group and investment team of Prime Capital. We believe this project reflects our capability to introduce Luxembourgish investment opportunities to Pan-European asset managers and secure international funding for Luxembourgish entrepreneurs and companies."

Quote Prime Capital

“This senior secured financing perfectly aligns with the strategy of our newly established Prime Real Estate European Debt Fund, which offers investors an attractive combination of a defensive investment profile, steady income, and first-ranking collateral,” says Dennis Davidoff, Executive Director at Prime Capital, responsible for BeNeLux and Germany. “We were able to provide a financing at very attractive conditions backed by a sustainable and future-proof asset, a newly build prime residential carrying an EPC rating of A, thereby taking optimal advantage of current market conditions for the benefit of our investors,” adds Jessica Di Lorenzo, Investment manager responsible for France.

Legal advisors

Prime Capital was legally advised by Ashurst Germany & Luxembourg. CREAHAUS was advised by Elvinger Hoss Prussen.

About CREAHAUS

CREAHAUS is a Luxembourgish real estate development company with over 30 years of experience. It has sold over 1,400 single-family houses and 74,000 m² of residential buildings. With more than 1,000 housing units under development, the firm is a major player in the market, ranking among the top developers in Luxembourg and significantly contributing to solving the housing shortage in the Grand Duchy.

About BIL Corporate Finance

BIL Corporate Finance provides a unique offer combining financial advisory and lending services to entrepreneurs, corporates, and asset managers in support of their strategic transactions.
Our pan-European team of Corporate Finance experts delivers tailor-made solutions across the capital structure (senior-junior debt, quasi-equity, equity). We bring a wealth of experience in various projects, sectors, and geographies, covering the Benelux, Switzerland, France, Germany, and Greater China.

About Prime Capital

Prime Capital AG is an independent asset management firm and financial services provider, owned by management and employees. The company takes a holistic, cross-divisional approach and specializes in Alternative Investments, in particular in Absolute Return, Infrastructure with a focus on Enery Infrastructure, and Private Debt. Furthermore, the company offers Access Solutions, eg. access to alternative investments through securitisations and fund structures. Prime Capital was founded in 2006, employs about 125 people in Frankfurt and Luxembourg and is regulated by BaFin and CSSF. As of September 2024, Prime Capital has approximately EUR 4.3bn Assets under Management as well as EUR 8.6bn Assets under Administration.

About Banque Internationale à Luxembourg (BIL)

Founded in 1856, Banque Internationale à Luxembourg (BIL) is the oldest multi-business bank in the Grand Duchy. It has always played an active role in the main stages of the development of the Luxembourg economy. It currently operates in retail, private and corporate banking, as well as on capital markets. With more than 2,000 employees, the bank has branches in Luxembourg, Switzerland and China.