King & Wood Mallesons SJ Berwin has advised Evans Randall, the privately-held UK investment banking and private equity group, in connection with the refinancing of its senior debt position on its prime retail shopping centre, the Königsbau Passagen, in Stuttgart, Germany. The transaction, which has replaced the existing facility from HSH Nordbank, includes a senior facility from various Allianz entities for €145 million and a mezzanine facility of €37.5 million provided by European Real Estate Debt II S.á.r.l. which has been advised by DRC Capital.

This complex transaction was led by finance partner Dr. Wolfgang von Schönborn.

Königsbau Passagen comprises 26,000 sqm of prime retail space with more than 70 shops, 18,000 sqm of prime office space and car parking below the centre with 415 spaces. It features a range of more than 70 upmarket retail, dining and leisure outlets across five floors. Located alongside the historic Königsbau building, built in 1856 and formerly home of the Stuttgart stock exchange, Königsbau Passagen is the largest shopping centre in Stuttgart with more than 3.3 million people living in its catchment area.

Counsel to Evans Randall:

King & Wood Mallesons SJ Berwin Team

Germany/Munich
Partner: Wolfgang von Schönborn (lead partner, Finance), Lars Reubekeul (Real Estate), Michael Kreft (Tax)
Associate: Florian Biesalski (Real Estate)

Germany/Frankfurt
Partner: Christian Cornett (Corporate)
Associates: Sebastian Schrag, Anja Harms (Finance)

UK/London
Partner: Jeremy Cross (Finance)
Associate: Cillian Moynihan (Finance)