Allen & Overy LLP advises alstria office REIT-AG in connection with its public takeover offer to the shareholders of DO Deutsche Office AG and on the conclusion of an agreement with funds managed by Oaktree Capital Management on the contribution of their stake of 60.54% in DO Deutsche Office AG to the transaction.
The public takeover offer will be structured as an all-stock exchange offer. alstria office REIT-AG intends to issue up to 68,781,791 new shares as consideration under the public takeover offer. The new shares of alstria office REIT-AG will be created by way of a capital increase against contributions in kind. In addition, alstria office REIT-AG has agreed with UBS and UniCredit on a bridge loan with a volume of approximately EUR 1.1 billion to address potential change of control provisions under the current loans of DO Deutsche Office AG.

The combination of both entities will create the leading listed German office real estate company. The combined portfolio comprises 125 office buildings with 1.7 million sqm of lettable space and represents a total portfolio value of approximately EUR 3.5 billion (as of March 31, 2015).
 
The Allen & Overy - Team comprises the partners Dr. Hans Diekmann (Corporate/M&A, Düsseldorf), Dr. Olaf Meisen (Banking and Finance, Frankfurt), Marc Plepelits (US Corporate Finance, Frankfurt), Jürgen Schindler (Antitrust, Brussels) and Eric Shube (Corporate/M&A, New York), the Counsels Stefan Kuhm, James Taylor (both Banking and Finance, Frankfurt) and Dr. Jonas Wittgens (Corporate/M&A, Hamburg), the Senior Associates Dr. Tim Schaper (Antitrust, Hamburg), Martin Schmidt (US Corporate Finance, Frankfurt) and Simon WeiB (International Capital Markets, Frankfurt) as well as the Associates Dorothée Kupiek, Dr. Johanna Röth-Bäcker, Andreas Wöller (all Corporate/M&A, Düsseldorf), Malgorzata Magdalena Filipkowski (Banking and Finance, Frankfurt), Nadine Kämper (International Capital Markets, Frankfurt) and Meredith Younger (Corporate/M&A, New York).