Clifford Chance has advised BNP Paribas REIM Germany on the acquisition of a junior loan tranche in the amount of EUR 24 million. The acquisition took place through a real estate debt fund that is managed by BNP Paribas REIM Germany.

The total loan of EUR 74 million had been granted by Düsseldorfer Hypothekenbank AG at the beginning of this year. It has a five-year term and refinances five logistics properties in several locations in the Netherlands.

BNP Paribas REIM Germany is a subsidiary of BNP Paribas Real Estate, Paris, and one of the leading asset managers for real estate special funds in Germany.

The Clifford Chance team was led by partners Dr. Josef Brinkhaus (Tax) and Dr. Oliver Kronat (Banking & Capital Markets) and comprised partners Dr. Jan Grabbe (Tax) and Dr. Sven Zeller as well as counsels Kerstin Schaepersmann and Dr. Alexandra Uhl (all Banking & Capital Markets) – all Frankfurt. Counsel Jan-Joost van Rijsbergen (Finance, Amsterdam) provided advice on Dutch law aspects of the transaction.