DLA Piper has advised SEB AG, Structured Real Estate Finance, on the provision of a loan amounting to EUR 54.8 million to a US asset manager for the partial financing of a substantial retail property portfolio.

The property portfolio is spread over 24 different locations throughout Germany and primarily includes properties let to prominent chain operators.

Headquartered in Frankfurt am Main, SEB AG is the German subsidiary of one of the largest Swedish banks, Skandinaviska Enskilda Banken (SEB). In Germany, SEB AG acts as a strategic financing partner and provides support for large companies, institutional customers and real estate investors.

The DLA Piper team led by partner Dr Torsten Pokropp comprised senior associate Dr Katalin Legradi, associate Kais Torchani and transaction lawyer Zsuzsanna Somogyi-Csizmazia (all Finance & Projects, Frankfurt), partner Martin Heinsius (Tax, Frankfurt) as well as counsel Xavier Guzman, senior associate Ambroise Foerster and associate Rachida Benhalima (all Corporate, Luxembourg).

At SEB AG , the transaction was led by Ernst Melcher with Amra Saric and Stephan Giesche, and on the legal side by Eva Karina Reichenbach.