The real estate finance team at A&O Shearman acts integrated into the wider real estate law practice and comprehensively advises along the entire spectrum of real estate transactions and financing. Among the client roster are lenders, including major international banks and investment banks, mortgage banks, as well as alternative lenders such as international asset and investment managers. Due to the economic environment, the team recently increasingly assisted with the restructuring of existing real estate financing. The core topics frequently include cross-border or pan-European matters and are supported across various asset classes, including residential, office, logistics, hotels as well as data centers, where the team regularly demonstrates its expertise in special properties. Practice head Olaf Meisen as well as counsel Stefan Kuhm comprehensively cover all aspects of real estate financing.
Real estate finance in Germany
A&O Shearman
Referenzen
‘A&O Sherman supported the transaction with a significant amount of resources and managed to achieve a smooth closing under significant time pressure.’
‘I had the pleasure of working with Olaf Meisen and Stefan Kuhm from A&O Sherman’s Frankfurt office. Both have proven to be great resources for us: always available, problem solvers, resourceful, pragmatic and, last but not least, very nice people to work with. I can highly recommend both of them.’
Kernmandanten
Vonovia SE
Highlight-Mandate
- Advising Vonovia SE as sponsor and borrower in connection with various credit facilities provided by Ärzteversorgung Westfalen-Lippe (ÄVWL), Berlin Hyp AG, Norddeutsche Landesbank, Bayerische Landesbank and UniCredit Bank AG.
Greenberg Traurig Germany
Greenberg Traurig Germany diverse real estate financing expertise focuses on senior, mezzanine and whole loan financing, bridge financing, development and acquisition financing, liquidity and underwriting facilities for real estate funds, refinancing and financial restructuring, as well as insolvency-related matters. Accordingly, the client roster is equally diverse and also benefits from cross-border competencies. Financial institutions, private equity, debt and pension funds, REITs, investment managers and insurance companies regularly instruct the team across the asset classes hotel, office, logistics, retail, residential and mixed use. Claudia Hard heads the team, which includes Anika Mitzkait. Both comprehensively advise on real estate financing.
Referenzen
‘Skilled and professional team, very pleasant to work with.’
‘The team is characterized by cross-hierarchical know-how, which is promoted by the direct involvement of team members and direct communication with clients. Specific knowledge in the area of financing is paired with know-how in real estate law, which is essential for result-oriented legal advice and contract negotiations; this may be taken for granted, but it is still not.’
‘We have been working very successfully with Claudia Hard and Anika Mitzkait for years, a dream team so to speak. They go the extra mile for their clients; both are characterized by their ability to think abstractly and to make nuances in legal issues understandable to their clients. They are tough negotiators, but never forget that in the end it is all about actually concluding a contract.’
Kernmandanten
Garbe Institutional Capital
Berlin Hyp
Deutsche Pfandbriefbank
Bf. Group
Highlight-Mandate
- Advising Garbe Institutional Capital GmbH on the financing of the acquisition of several portfolios of retail properties across Germany by UniCredit AG and Sparkasse Duisburg. The transaction was part of the acquisition of GRR Real Estate Management GmbH.
Ashurst LLP
Ashurst LLP supports national and international banks, debt funds, asset managers, insurance companies and project companies in refinancing, restructuring and insolvency-related issues as well as acquisition financing. The team is well versed in restructuring in connection with project developments and regularly advises across the residential, commercial, office, logistics and hotel asset classes. Here, practice head Filip Kurkowski frequently takes the lead; Kurkowski's focus corresponds with the team-wide competencies. He is supported by Derk Opitz, who covers asset and real estate financing, and counsel Alexander Vorndran (project financing).
Kernmandanten
Samsung SRA Asset Management
Highlight-Mandate
- Advising Samsung SRA Asset Management on the refinancing of the Commerzbank Tower in the centre of Frankfurt’s banking district.
Bryan Cave Leighton Paisner
Thanks to its international positioning, Bryan Cave Leighton Paisner ‘s real estate finance practice routinely supports pan-European acquisition and project financing as well as refinancing across the asset classes logistics, hotel, office, commercial, residential and mixed-use. Among the client roster are banks, investment funds and property managers, which request the team's expertise in senior loans, whole loans, green loans and mezzanine financing as well as large-volume portfolio transactions. Clients also benefit from the close cooperation with the real estate, tax and restructuring experts. The practice is jointly led by Frank Schwem and Torsten Pokropp, who both have longstanding experience in the financing and restructuring area.
Referenzen
‘Practical and efficient; advisors are very easy to contact.’
‘Martin Wilmsen has a very good understanding of the needs and requirements of alternative financiers and also excellent industry knowledge. He is well connected, so international advice is very well organized. He is always very easy to reach.’
‘Extremely strong team with high expertise in the area of real estate finance. Always available and responsive. Great collaboration with colleagues from the real estate and restructuring departments, which offers significant added value in the current market phase.’
Kernmandanten
ING-DiBa
LBBW Landesbank Baden-Württemberg
Helaba Landesbank Hessen-Thüringen Girozentrale
pbb Deutsche Pfandbriefbank AG
FOM Real Estate
Linus Digital Finance
CBRE Global Investors
Collineo Asset Management GmbH
Union Investment
Santander
Norddeutsche Landesbank Girozentrale
Aukera Real Estate AG
Highlight-Mandate
- Advising LBBW on a €350 million refinancing.
- Advising Norddeutsche Landesbank Girozentrale on the granting of a large-volume loan for real estate financing.
- Advising Aukera Real Estate Debt Lux SCA, SICAV-RAIF on the completion of a €60 million senior secured financing for a property in the Netherlands.
Norton Rose Fulbright
Norton Rose Fulbright's real estate finance practice acts integrated into the real estate practice headed by Maren Stölting and supports family offices, financial institutions, funds, asset managers and investment companies in financing in connection with real estate transactions and project developments. These frequently include cross-border aspects and are supported across all asset classes, with most recent instructions pertaining to office, retail, residential and logistics. The expertise in restructuring and distressed real estate complements this offering.
Kernmandanten
Ambridge
Amundi
Bayerische Landesbank
BF.capital GmbH
BNP Paribas Real Estate Investment Management
European Investment Bank
European Science Park Group
Hamburg Commercial Bank (HCOB)
HanseMerkur
Horizon Capital
HYPO NOE Landesbank für Niederösterreich und Wien AG
Invesco
Highlight-Mandate
- Advising the banking consortium around Standard Chartered Bank on the restructuring of the up to €390 million financing for the acquisition of the property in Frankfurt known as Trianon. The original financing expired at the end of 2023.
- Advising HanseMerkur and its Luxembourg debt funds as lenders on the cross-border (re-)financing of the acquisition and development of the Kandinsky-Haus office property in Berlin.
Taylor Wessing
Taylor Wessing advises banks as lenders, companies, real estate management companies and real estate funds as borrowers on the financing and refinancing of real estate transactions, including individual and portfolio financing, project developments and investments in real estate. Most recently, these mandates pertained to the asset classes logistics, commercial, hotel, office and residential, including sustainability-related matters. Head of the banking & finance practice Clemens Niedner (financing and restructuring) also leads the real estate financing team. Salary partner Jennifer Maiworm (national and cross-border acquisition and real estate financing as well as syndicated loan financing) moved to Jebens Mensching PartG mbB in February 2025.
Referenzen
‘High availability and commitment, solution-oriented.’
‘Jens Wiesner is always available and supports us in a pragmatic way.’
‘Highly competent and assertive team that has mastered all facets and types of commercial real estate financing from years of practice.’
Kernmandanten
Hamburg Commercial Bank (HCOB)
Landesbank Hessen-Thüringen Girozentrale (Helaba)
Landesbank Baden-Württemberg (LBBW)
NATIXIS Pfandbriefbank (NATIXIS)
Sparkasse Bremen
DZ Hyp
Ziegert Group
Tishman Speyer
Quest Investment Partners
Aukera Real Estate
Tristan Capital Partners
PGIM Real Estate
Highlight-Mandate
- Advising Helaba on the €270 million financing of the Le Coeur real estate development project in Düsseldorf.
- Advising Hamburg Commercial Bank on the financing of a commercial and industrial property for Hines in the double-digit million range.
- Advising Hamburg Commercial Bank on the €100 million refinancing of a real estate portfolio of alstria office REIT-AG.
White & Case LLP
The real estate financing team at White & Case LLP regularly acts in cross-location and cross-practice cooperation thanks to the international network. Among the core topics is the expertise at the interface with venture capital law as well as financial restructuring, where the team also covers insolvency-related aspects of the restructured financing products. This offering is frequently requested by banks and real estate investors.
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CMS
Most recently, CMS assisted lenders and borrowers with the financing and refinancing of real estate portfolios and individual properties across various asset classes. These frequently pertained to acquisition financing, including related ESG matters, where head of the banking & finance team André Frischemeier took the lead.
Highlight-Mandate
Gleiss Lutz
Gleiss Lutz's real estate financing practice acts integrated into the wider finance team and supports banks, project developers and real estate investors in financing transactions, most recently in the hotel, logistics and office asset classes. The cross-practice cooperation also extends to cover matters at the insolvency law interface. Key contacts include Burkhard Jäkel (real estate and project financing; insolvency law) and Helge Kortz (banking, finance and capital markets law).
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GSK Stockmann
GSK Stockmann places a traditional industry focus on the real estate sector and is equally well versed in related financing support. The team regularly advises national and international banks as well as project developers on the financing of individual properties and real estate portfolios, on buybacks and on the restructuring of existing financing; the latter are usually a core focus of Stefan Koser, who jointly heads the practice with Alma Franke. Both routinely advise on the financing of large district and property developments – which is also a general strength of the team. Local partner Rebecca Comtesse also leads here, she complements this with investment law expertise.
Referenzen
‘Adheres to agreed timelines and cost frameworks and proactively communicates any cost overruns.’
‘Good market overview, solution-oriented and pragmatic solutions, good negotiation skills.’
‘Determination; solution finding; organized; approachable; friendly; quick.’
Kernmandanten
abrdn Investments Deutschland AG
Alfons & alfreda Holding GmbH
DLE Logistics GmbH
DZ HYP
Groß & Partner Grundstücksentwicklungsgesellschaft mbH
Lakeward Management AG
Niedersachsen Ports GmbH & Co. KG (NPorts)
Oldenburgische Landesbank
Stadtsparkasse München
LaSalle Investment Management Kapitalverwaltungsgesellschaft mbH
FREO GROUP
Real I.S. Gruppe
Highlight-Mandate
- Advising DLE Logistics GmbH on the financing of a logistics real estate portfolio with existing properties at various locations in Germany with over €100 million through LBBW.
- Ongoing advice to Groß & Partner Projektentwicklungsgesellschaft mbH in connection with the financing of the FOUR project development in Frankfurt am Main, consisting of four high-rise buildings.
- Advising DZ HYP on the €200 million financing for the conversion of the Central Parx high-rise building in Frankfurt am Main, which is to be revitalized by a joint venture between the ABG Real Estate Group and Hanse Merkur Grundvermögen.
Hogan Lovells International LLP
In close cooperation with the real estate team, Hogan Lovells International LLP recently assisted with financing and refinancing across the retail, logistics and commercial sectors. The team is experienced in supporting national and cross-border restructuring procedures as well as project developments. Dirk Debald specialises in real estate law and heads the team, which advises institutional investors, family offices, debt funds as well as banks.
Referenzen
‘Very friendly, very easy to contact.’
‘Very well-coordinated team, highly professional with excellent market knowledge, internationally positioned.’
‘Christian Herweg and Katharina Kranzfelder are absolute financing professionals who also have a strong command of restructuring.’
Kernmandanten
Olbos
UniInstitutional Private Debt SCS SICAV-SIF
Highlight-Mandate
- Advising several institutional investors in a cross-border restructuring process regarding the financing of one of the largest commercial real estate development projects in Germany with a financing volume of more than €1 billion.
- Advising several family offices under the leadership of Olbos/Trimelon on the acquisition of leasehold land to expand an existing portfolio and long-term financing based on ground rent cash flows.
- Advising the Luxembourg-based credit fund UniInstitutional Private Debt SCS SICAV-SIF on mezzanine financing for the Aventos Group for the acquisition of three existing properties in Berlin.
Mayer Brown LLP
Mayer Brown LLP advises banks and debt funds on (syndicated) real estate financing and refinancing, which frequently pertain to property and portfolio acquisitions as well as their development. The team is also well versed in the restructuring area and acts on behalf of both lenders and borrowers across all asset classes, most recently logistics, office and residential. These mandates regularly include cross-border aspects, which are a core competence of practice head Martin Heuber.
Referenzen
‘Very professional and goal-oriented.’
‘Highly competent team that brings and applies cross-industry knowledge. Our issue was complex and not a standard question, but the team solved it with commitment and to our complete satisfaction – all under time pressure.’
‘Martin Heuber and his team have been excellently supportive. Martin has our full trust, he understood our situation and solved it.’
Kernmandanten
AIF Kapitalverwaltungs AG
Carlyle
Edmond de Rothschild REIM (Germany) GmbH
Highlight-Mandate
- Advising SIGNA on all financing transactions that are not in insolvency, either on the lender side or on the SIGNA side.
- Advising Carlyle in connection with the financing of the acquisition of the myStorage GmbH platform and the further development of myStorage.
- Supporting Rothschild’s financing for a German-Spanish investor group for the operation of a technology campus in Barcelona.
McDermott Will & Emery Rechtsanwälte Steuerberater LLP
McDermott Will & Emery Rechtsanwälte Steuerberater LLP focuses on financing support for borrowers and also acts on behalf of lenders, which the team advises on acquisition financing and subsequent development of real estate across various asset classes. Additionally, the team is experienced in financing restructurings thanks to the close cooperation with the insolvency and transaction tax teams. Oliver Lieth heads the team as well as the wider banking and finance practice, he is well versed in individual property and portfolio transactions.
Referenzen
‘A team that has worked together for years and in which every team member knows the routes and thus ensures that the entire transaction runs smoothly.’
‘High responsiveness and the confident support of complicated structures under high time pressure are what particularly distinguish the constantly available team.’
‘Oliver Lieth: Very experienced and strong negotiator real estate financier who knows and has accompanied all structures. Negotiation style is solution-oriented and pragmatic, which leads to a smooth transaction.’
Kernmandanten
Empira
DWK PropCo 1
CV Real Estate AG
Development Partner
IMFARR
Kohlberg Kravis Roberts
Highlight-Mandate
- Advising Empira/DWK on an amendment agreement to a real estate loan agreement, which, among other things, provided for an increase in the loan amount.
- Advising CV Real Estate AG in connection with construction and refinancing in connection with a very prominent project development at Augsburg Central Station.
- Advising IMFARR in connection with the restructuring of the group and numerous real estate projects.