Ashurst advised Natixis Pfandbriefbank AG as mandated lead arranger and bookrunner in relation to the arrangement of a seven-year €165 million mortgage loan granted to a London-based investment company managing funds from Middle East and Asia. The loan is related to an office property located in Dusseldorf, Germany.

The circa 51,000 sqm property is fully let to a blue chip tenant on a long term lease with approximately 15 years remaining.

The Ashurst team was led by finance partner Derk Opitz, assisted by the associates Torsten Limberg and Emilie Veyran-Müller (all finance, Frankfurt). Frankfurt Partner Nicolas Deuerling advised on real estate aspects. Partner Isabelle Lentz and senior associate Christophe Bregeon advised on Luxembourg law aspects (both Luxembourg desk, London).

Natixis Pfandbriefbank AG is a subsidiary of Natixis S.A., the international corporate, asset management, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France. Natixis Pfandbriefbank AG issues Mortgage Pfandbriefe to refinance its commercial real estate loan business.
Ashurst's German banking and finance practice advises both banks and alternative lenders, private equity firms and companies on domestic and cross-border acquisition, real estate, asset and infrastructure / project finance as well as on financial restructuring and corporate lendings.