Ashurst advised private equity fund Kildare Partners ("Kildare") on the acquisition of GE Capital Real Estate's ("GE Capital") German commercial real estate business. The portfolio comprises 60 commercial properties as well as 80 real estate loans. The acquired loans are predominantly secured by office properties. The sale is part of GE's strategic realignment shifting the group's focus to the industrial sector.

DLA Piper has advised Investa Immobiliengruppe on financing the purchase of a nationwide German commercial property portfolio known as “Deutsche Bank Office Portfolio”. Deutsche Pfandbriefbank AG issued a loan of 80 million euros for the financing which was completed in June 2015.

Investa acquired the portfolio comprising of 42 inner-city properties from Eurocastle Investment Limited in the second quarter of 2015.

Ashurst has advised Almacantar on the financing for the forward purchase of two significant office developments at One and Two Southbank Place from Braeburn Estates, a joint venture between Canary Wharf and Qatari Diar. The transaction at over £550 million is the largest property deal ever completed on London's South Bank.

Ashurst advised HSH Nordbank AG on the financing of the acquisition of an office building at Schreiberhauer Straße 2-22 in Berlin by IREIT Global, a listed Singaporean Real Estate Investment Trust. HSH Nordbank has provided around €100 million for this transaction. The seller of the office building is Wealthcap Real Estate Management GmbH.

The Ashurst team was led by banking partner Dr Stephan Kock and comprised partner Derk Opitz, senior associate Andreas Mallin and transaction lawyer Emilie Veyran-Müller (all banking, Frankfurt).

Houthoff Buruma advised ING and ABN AMRO in relation to a loan facility for DRES Master Fund C.V. for the purpose of financing a residential portfolio.

Houthoff Buruma team included: Jan Veeningen.

Ashurst has advised pbb Deutsche Pfandbriefbank AG ("pbb") on the financing of the acquisition of the Germany-wide commercial real estate portfolio "New Wave" by the Investa Property Group. Pbb provides a loan in the amount of EUR80m for the financing completed in June 2015.
Investa acquired the portfolio comprising 41 inner-city properties in the second quarter of 2015 from Euro Castle Investment.

Simmons & Simmons has advised Macquarie Bank International Limited in their capacity as Arranger and Joint Lead Manager on its €186m residential mortgage-backed securities (RMBS) transaction.

Macquarie Bank International Limited has securitised German real estate credits in the amount of €186m in order to place the RMBS transaction with institutional investors.

Addleshaw Goddard's Real Estate Finance team has completed its largest 2015 deal for new client Criterion Capital Group and Asif Aziz.

The deal, an approximate £1bn facility from Aviva Commercial Finance, was secured on a portfolio of 16 properties including the landmark Trocadero Centre and Criterion Theatre/Buildings in Piccadilly, London.

This is believed to be one of the biggest real estate finance facilities undertaken by Aviva and certainly one of biggest REF deals of 2015.

Allen & Overy has advised Macquarie Bank Limited, London Branch (Macquarie) on the issue of residential mortgage backed securities (RMBS) in the aggregate amount of EUR 190 million secured by a portfolio of approximately 1,600 residential mortgage loans granted over properties in Germany to German consumers.

Advisors to Crédit Agricole Assurances (Predica) in connection with the setting-up of a €120 M mortgage refinancing taken out with Helaba for the purpose of financing the real estate property “Tivoli” rented to Covéa with a surface area of 22.000 s.q m and located in Paris (75009)

CONTACTS

    * Anissa Mejri
    * Anne-Laure Eymeri
    * Guillaume Rossignol