Funds advised by Oaktree have acquired a commercial real estate loan portfolio with a face value of approximately €700m from Hypothekenbank Frankfurt, Commerzbank's real estate lending subsidiary formerly known as Eurohypo. The portfolio sold primarily comprises non-performing loans secured on German real estate.

Hengeler Mueller advised Oaktree on the transaction. The Hengeler Mueller team included partners Frank Burmeister (M&A/Real Estate), Nikolaus Vieten (M&A/Finance) (both Frankfurt), Markus Röhrig (Antitrust, Brussels), counsel Martin Peters (Derivatives, Frankfurt) as well as associate Christina Wolf (Antitrust, Brussels).