Hogan Lovells has advised Deutsche Pfandbriefbank AG on the deal.
The purchase of the EUR 89.4 million priced property is supported by Deutsche Pfandbriefbank AG with a loan of EUR 61 million. The building complex consists of eight commercial units with a total gross lettable area of 21,190 square metres. The purchaser of the property plans the expansion through further construction projects with a construction potential on the site consisting of about 12,000 square metres.
Deutsche Pfandbriefbank AG has committed itself, among other things, to conducting its business in a sustainable and environmentally compatible manner and to identifying environmental risks. As a key player on the national and international real estate markets, Deutsche Pfandbriefbank AG supports the development process towards sustainability in the real estate industry together with other market participants.
Hogan Lovells team for Deutsche Pfandbriefbank AG included Dr. Christian Herweg (Picture – Partner), Dr. Jan Fürbaß, (Associate) (Finance, Germany), Ariane Mehrshahi (Counsel), Valérie Laskowski (Senior Associate) and Agnes Merz (Associate) (Finance, Luxembourg).
Deutsche Pfandbriefbank AG Inhouse was Nina Lux.
Law Firms: Hogan Lovells;
Clients: Deutsche Pfandbriefbank AG;