Ashurst has advised a banking consortium led by UniCredit Bank AG ("UniCredit") on the refinancing of the €544 million syndicated loan of alstria office REIT-AG ("alstria"), an internationally managed real estate investment trust.

The new 7-year loan replaces the previous facility, which was due to mature as of July 20, 2015. The early refinancing will allow alstria to benefit from the attractive financing environment and significantly improve the overall debt maturity profile of the company.

The new syndicated loan was arranged by UniCredit and is made available by UniCredit, Berlin-Hannoversche Hypothekenbank AG, HSH Nordbank AG and Helaba Landesbank Hessen-Thüringen.

The Ashurst team was led by banking partner Dr Tom Beckerhoff. His team comprised senior associate Dr Endrik Kramski and transaction manager Dominique Blaurock (all Banking, Frankfurt). In 2010, Ashurst advised UniCredit and the banks on alstria's initial syndicated loan.

Ashurst regularly advises UniCredit, most recently in relation to the financing of the acquisition of Berlin-located shopping centre "Hallen am Borsigturm" by ECE European Prime Shopping Centre Fund.