The Real Estate team advised 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.
HSH Nordbank AG is active in real estate financing throughout Germany. In its home market the bank is deeply rooted in the real estate business, concentrating its real estate financing business on upper medium-sized enterprises and providing support to foreign investors on their cross-border activities in Germany.
EQT Real Estate focuses on direct and indirect controlling investments in real estate assets, portfolios and operating companies with significant potential for value creation. The investments typically range between €50 million and €200 million.
The Goodwin team was led by partner Stephan Kock and included associates Andreas Mallin and Catharina Englert; transaction executive Dimitar Morfov and trainee Michelle Nierhaus in Frankfurt; and partner Paul Lyons in London.