Ashurst has advised a syndicate of banks led by UniCredit Bank AG,
Munich, on the €630m refinancing of alstria office REIT-AG,
Hamburg. The financing is the largest of its kind in Germany so far
this year. Further members of the syndicate are Berlin-Hannoversche
Hypothekenbank, Eurohypo Aktiengesellschaft, HSH Nordbank AG and
Natixis.
The Ashurst team was led by
Frankfurt international finance/loan markets partner
Dr Tom Beckerhoff and comprised
senior associate Sebastian Schoon, associates Dr Werner Gumpp and
Thilo Renz as well as paralegal Carina Bechstedt (all international
finance/loan markets, Frankfurt).
Tax aspects were covered by senior
associate Nina Siewert (tax, Frankfurt).
Dr Jörg Schilder advised for UniCredit's in-house legal
team.
Ashurst regularly advises banks on real estate financings. In
March 2010 and July 2009 teams led by Frankfurt international
finance/loan markets partner Anne Force have advised Westdeutsche
ImmobilienBank AG, Mainz, on the financing for the acquisitions of
London office properties 100 New Bridge Street and Friary
Court.
Alstria ist an internally managed Real Estate Investment Trust
(REIT) solely focused on acquiring, owning and managing of office
real estate in Germany.