White & Case LLP has advised Deutsche Asset & Wealth Management (DeAWM) on the acquisition of a €30 million senior loan tranche, part of the syndication of the €450 million financing provided for the Metro Cash & Carry commercial real estate portfolio in April 2015.

"The increasing activity and presence of alternative capital providers such as credit funds in the German market shows the growing acceptance of, and need for, these alternative capital providers," said Frankfurt-based White & Case local partner Michael Rützel.

The White & Case team which advised on the transaction included local partner Michael Rützel (Frankfurt), partner Thomas Flatten (Frankfurt), local partners Carsten Lösing and Jessica Hallermayer (both Hamburg), counsel Alexander Born (Frankfurt) and associates Juliane Holl, Friederike Goering (both Frankfurt) and Sarah Katharina Götze (Hamburg).