Stephan Kock

Dr. Stephan Kock

PartnerChair, Frankfurt
Spoken Languages
German English
Dr. Stephan Kock
Frankfurt
+49 (0)69 6677 38588

Stephan Kock is a partner and chair of Goodwin's Frankfurt office. He is a member of the Real Estate Industry group and of its Real Estate Finance & Restructurings practice and its Financial Industry group. Stephan focuses his banking practice on real estate finance such as acquisition and development financings including residential, commercial, single assets, portfolio, and warehouse financings. He also advises on Pfandbrief lending, buy-out finance, associated financial restructuring in these areas, as well as on loan portfolio transactions. Stephan advises on all layers of debt, senior, mezzanine or other junior loans; structuring, syndication and tranching of participations as well as intercreditor agreements. Stephan regularly represents a wide range of international and domestic lenders such as credit institutions, debt funds, insurance companies and investors/borrowers such as funds, family offices, and insurance companies in all banking related aspects.

Stephan is involved in Goodwin’s PropTech Initiative, which is focused on supporting the intersection of Real Estate and Technology through thoughtful collaboration across the two practice areas. As a participant, Stephan stays up to date on relevant market trends, specifically in the German market, that are impacting the PropTech sector to effectively support clients involved in this space.

Stephan has the full range of loan restructuring experience. He advised Euro Hypo on the disposal of its loan portfolio prior to the winding-up of the bank in 2016 and has acted on the borrower and the bank side in various distressed loan transactions during the financial crisis.

Stephan speaks fluent German and English.

Experience

Stephan recent experience includes representing:

  • HSH Nordbank AG on the financing of the acquisition of the shopping mall “Allee Center” in Leipzig, Germany, by a special purpose vehicle controlled by EQT Partners from Investa Real Estate. The “Allee Center” was built in 1996, and comprises around 40,000 square meter of rental space
  • Medical Properties Trust, Inc. in its €1.635 billion joint venture agreement with Primonial Group pursuant to which a fund managed by Primonial Group will acquire an 50% interest in an MPT portfolio of 71 post-acute hospitals throughout Germany (2018)
  • GTT Communications on the completion of its acquisition of Interoute for approximately $2.3 billion (2018)
  • Deutsche Pfandbriefbank AG as facility agent and security agent leading a consortium of lenders, including Landesbank Hessen-Thüringen, in connection with a €432million term loan to partially refinance the debt of OFFICEFIRST Immobilien AG & Co. KG, a subsidiary of IVG Immobilien AG. The term loan is a key element of the whole refinancing and a vital part supporting IVG’s disposal (2017)
  • GreenOak Real Estate on a €100 million loan to finance a real estate portfolio (acquisition as well as capital expenditures) in Germany (2017)
  • HSH Nordbank AG in connection with its credit facilities agreement with EQT Real Estate to finance the acquisition and subsequent repositioning of two commercial properties known as “Atricom” and “LeByro” in Germany. The financing was tailored to the business plan of the sponsor and combines an acquisition financing and a CapEx loan for a financing with a total volume of €79 million for a term of up to five years (2017)
  • Gramercy Property Europe (Gramercy Europe) on its acquisition of a 94.9% interest in the German / French Clydesdale portfolio, a logistics warehouse portfolio with assets in Germany and France from Goodman Europe Development Trust. Goodwin also advised in relation to the refinancing of the German portfolio. The loan, amounting to approximately €130 million was provided by DekaBank Deutsche Girozentrale. The highly complex cross-border deal involved Luxembourg, German and French law elements with parties from Australia, the U.S., the UK, Luxembourg, Germany and France (2017)
  • Castlelake on its acquisition of the Treveria property portfolio, which consists of commercial retail and residential space, from Commerzbank. The acquisition was carried out by a trustee structure through a combined asset deal and share deal, as well as an external financing through a loan provided by SEB AG. The purpose of the loan is also to finance certain investment expenses
  • NATIXIS Pfandbriefbank AG and NATIXIS S.A. on the financing of the acquisition of additional residential properties to an existing portfolio located mainly in Berlin, Germany by investment companies from Luxembourg. NATIXIS Pfandbriefbank AG granted a loan to support a capex program of individual properties (2017)
  • Castlelake, L.P. on its acquisition of the Gravity real estate portfolio from the financial investors Marcol and Marathon Asset Management. The transaction was structured as a combined share and loan acquisition (2017)
  • Slate Asset Management L.P. in its announced agreement to purchase 67 predominantly grocery-anchored real estate assets totaling 136,000 square meters of gross leasable area located throughout Germany. The majority of the tenants are the largest global retailers in the world, including Lidl, Aldi, Edeka and REWE. The acquisition is Slate’s first in Germany and marks its entry into the market (2016)
  • WCM Beteiligungs- und Grundbesitz-AG in the EUR 66.5 million acquisition of four retail centers with 52,500 square meters of rental space in the aggregate. The recently acquired properties, which increase the value of WCM’s property portfolio to approximately EUR 645 million, are located in the German federal states of Saxony-Anhalt, Saxony and Brandenburg (2016)
  • HSH Nordbank AG on financing of the acquisition and subsequent repositioning of a commercial property by a joint venture (2016)

Professional Experience

Stephan was admitted as a German lawyer (Rechtsanwalt) in 1997. Prior to joining Goodwin in 2016, Stephan was a partner in the Frankfurt office of Ashurst LLP, where he led its German international finance department.

Stephan is a member of the Loan Market Association (LMA) Real Estate Finance drafting board for German related finance documents and has been a panelist at a number of real estate finance symposiums. He is also a member of the Association of German Pfandbrief Banks (vdp).

Credentials

Education

Second State Exam1997

University of Hamburg

PhDDoctor of Philosophy1996

University of Hamburg

First State Exam1993

University of Munich

Scholarship for Chinese Studies1987

Taipei

Admissions

Bars

  • Germany

Recognition & Awards

Stephan is consistently recognized as a leader in his field by preeminent, peer-reviewed publications, including JUVE, Best Lawyers, Legal 500, Legal 500 EMEA (2021 and 2018), Chambers Global (2020-2022), Chambers Europe (2021 and 2017), and Who’s Who Legal: Real Estate (2017). He was named among Germany’s Best Lawyers (2022, 2017 and 2016) by the German business journal Handelsblatt for Real Estate Law, Banking and Finance Law. He was ranked by JUVE as frequently recommended. Legal 500 Europe, Middle East and Asia recommended Stephan Kock for Real Estate & Construction in its 2018 edition. Chambers Europe 2018 and 2020 recognized him as leading lawyer in the field of real estate: Finance, Banking & Finance. Legal 500 EMEA named him in the Germany Banking & Finance: Lending & Borrowing category in its 2018 edition and in Real Estate Finance and Lending and Borrowing in its 2021 edition.

Publications

  • “Brexit and Beyond – Goodwin Frankfurt’s Forecast for European Estate Market,” Goodwin Video, April 2017
  • “Around the world in Under 5 Minutes: Views on the Global Real Estate Capital Markets,” Goodwin Insights, March 2017