Allen & Overy LLP advised a joint venture consisting of RFR Group, DC Values and other parties as borrower in relation to the financing of the "Upper Zeil" project development in Frankfurt am Main.

Before the new "Upper Zeil" etail building can be built, the 24-year old "Zeilgalerie" will first be gutted and demolished. "Upper Zeil" is expected to open its doors for the 2018 winter season. In addition to GALERIA Kaufhof, anchor tenants will include the fashion labels Benetton and RESERVED as well as Vodafone. The project was financed by Helaba Landesbank Hessen-Thüringen and Bayerische Landesbank.

The Allen & Overy team consisted of partner Dr. Oliver Waldburg and associate David Schmidt (both banking and finance, Frankfurt).