Clifford Chance advised BGP Investment S.à r.l. on a CMBS transaction relating to a residential portfolio. The CMBS issued by Irish special purpose vehicle Monnet Finance Limited are secured by a commercial mortgage loan granted to Borrowers of the BGP Investment group of companies. BGP Investment S.à r.l. is a Luxemburg private company which holds interests in portfolios of real estate assets through special purpose vehicles in Europe.

The total amount of CMBS issued was EUR 406 million with a maximum maturity until 2021.

The Clifford Chance team was led by partners Dr. Patrick Biagosch (Corporate, Munich), Barbara Mayer-Trautmann (Banking & Capital Markets, Munich) and Dr. Oliver Kronat (Banking & Capital Markets, Frankfurt) and included partner Christian Trenkel (Real Estate, Munich), counsels Dr. Bernhard Magg (Corporate, Munich), Kerstin Schaepersmann (Banking & Capital Markets, Frankfurt) and Christian Hentrich (Banking & Capital Markets, Munich), senior associate Dr. Michael Lamsa as well as associates Dr. Jessica Wilckens (Corporate, Munich), Charlotte Rau, Maike Täufer (both Banking & Capital Markets, Frankfurt) and Dorothea Schimmel (Real Estate, Munich).