Press Release December 20, 2016

Goodwin Frankfurt Represents Deutsche Pfandbriefbank AG in Landmark Transaction

Goodwin Frankfurt represented 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 (OFFICEFIRST), a subsidiary of IVG Immobilien AG. The term loan is a key element of the whole refinancing of OFFICEFIRST and a vital part supporting IVG’s disposal of OFFICEFIRST.

Deutsche Pfandbriefbank AG and Landesbank Hessen-Thüringen are longstanding clients of Goodwin’s Real Estate Finance team in Frankfurt.

For this transaction, the cross-border team was led by partner Dr. Stephan Kock and included associate Dimitar Morfov and paralegal Helena Velimirovic, working together with UK Real Estate Finance partner Paul Lyons. Frankfurt partners Marc Bohne and associate Felix Krueger also advised on the transaction.

Deutsche Pfandbriefbank is a leading European commercial real estate and public investment lender. It is the largest issuer of Pfandbriefe and an important issuer of covered bonds in Europe. Deutsche Pfandbriefbank AG is listed on the Frankfurt Stock Exchange.