IMFARR Beteiligungs and SN Beteiligungen’s €700 Million Acquisition of the Silberturm in Frankfurt am Main

DLA Piper has advised Landesbank Hessen-Thüringen Girozentrale (Helaba) on the financing of the purchase.

A joint venture of IMFARR Beteiligungs GmbH and SN Beteiligungen Holding AG executed the acquisition of the office tower „Silberturm“ in Frankfurt am Main, through a share deal. The transaction volume for the entire site amounts to around EUR700 million. Helaba is providing a substantial part of the senior financing for the „Silberturm“. In addition to the senior financing provided by Helaba, the funding was provided through a structurally subordinated mezzanine line.

The „Silberturm“ is located in a prime location in the Central Business District (CBD) of the city of Frankfurt am Main between the main train station and the banking district. The high-quality and functionally equipped „Silberturm“ is fully leased to Deutsche Bahn AG.

With around 6,200 employees and total assets of EUR219 billion, the Helaba Group is one of the leading banks in the Frankfurt financial center. It offers companies, banks and institutional investors comprehensive financial services from a single source. 

The DLA Piper team advising Helaba led by partner Frank Schwem (Picture) included counsel Eike Neugebauer, senior associate Martin Wilmsen and transaction lawyer Dr Zsuzsanna.Somogyi-Csizmazia (all Frankfurt) as well as partners Xavier Guzman and Tiziana Olivetti (both Luxembourg, all Finance &, Projects). Real estate aspects were advised by partner Christian Lonquich and associate Sascha Ryssok (both Real Estate, Frankfurt). The tax aspects were advised by of counsel Martin Heinsius (Tax, Frankfurt).

Involved fees earner: Xavier Guzman – DLA Piper; Martin Heinsius – DLA Piper; Christian Lonquich – DLA Piper; Eike Neugebauer – DLA Piper; Tiziana Olivetti – DLA Piper; Sascha Ryssok – DLA Piper; Frank Schwem – DLA Piper; Martin Wilmsen – DLA Piper;

Law Firms: DLA Piper;

Clients: Landesbank Hessen-Thüringen Girozentrale;

Author: Federica Tiefenthaler