HSH Nordbank AG financed the acquisition of four shopping centres in Germany for Madison International Realty (Madison) in joint venture with Redos group. Madison assumed the original financing, existing at the time of the acquisition of the Christie portfolio at the end of 2016, which is now refinanced by HSH Nordbank. The parties agreed to keep the terms of the financing confidential.

The law firm Taylor Wessing acted as legal counsel to HSH Nordbank under the lead of the Hamburg based partner Jens Wiesner together with an international team. Taylor Wessing has been legal counsel to HSH Nordbank in the area of banking and financing law for more than ten years.

Three of the four large-scale shopping centers are located in the metropolitan area of Berlin, the remaining shopping center is located south of Dresden. Some of the assets, built between 1992 and 1996 and comprising a total net leasable area of approximately 216,000 sqm, have been revitalised by project developer HLG. Kaufland is the long-term anchor tenant for each centre. Other major tenants include C & A, Deichmann, Douglas Parfümerie, H & M, Media Markt and Rossmann. Small and medium retailers round off the mix. Moreover, the shopping centers have good transport links and provide entertainment and a range of eatery options.
Legal counsel to HSH Nordbank:

Taylor Wessing Germany: Dr. Jens Wiesner (Lead Partner), Dr. Peter Seemann (Partner), Carsten Vollnberg (Senior Associate), Marina Alves Guimarães (Associate) all banking and financing laws, Hamburg

Taylor Wessing The Netherlands: Arjan de Boode (Partner), Leon Jans (Associate), Carlos Henriquez Cubas (Associate), all banking and financing laws, Amsterdam