Goodwin advised Edmond de Rothschild Real Estate Debt I S.à r.l. (“EdR”) as the original lender on an acquisition loan to Dunman Q Frankfurt S.à r.l. (“Borrower”), a subsidiary of a joint venture between a fund managed by Tikehau Capital and Dunman Capital Partners.
The senior secured whole loan financing supported the Borrower’s acquisition of “The Q Frankfurt,” a value-add property located in Frankfurt’s city center with a net lettable area of approximately 6,500 sqm. The property will be converted from an office space into serviced apartments. The facilities agreement also includes a separate capex facility to fund the debt portion of the conversion costs.
The Goodwin team included associate Florian Kolod (Real Estate Finance, Munich).