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CMS Hasche Sigle advises Allianz Real Estate on financing Deutsche Bank twin towers

07/06/2011

Stuttgart – Deutsche Bank AG has sold its Frankfurt headquarters, known as the "twin towers", to a closed-end fund operated by the bank's own fund subsidiary, DWS, for some EUR 600 million. The level of debt finance involved is around EUR 300 million. 
A team from CMS Hasche Sigle led by real estate expert Dr Volker Zerr and finance law expert Dr Peter Ruby advised Allianz Real Estate GmbH on all aspects of financing the acquisition of the twin towers from Deutsche Bank. Allianz Real Estate GmbH was acting on behalf of various Allianz companies. This is the first time that Allianz Real Estate has acted as lender for financing commercial property in Germany. 
The real estate team led by Dr Volker Zerr regularly advises Allianz on property transactions. In 2010, CMS Hasche Sigle advised Allianz on the sale and leaseback acquisition of 80 Aldi stores.

Advisers CMS Hasche Sigle:

Dr Volker Zerr, Real Estate (Lead and Client Relationship Partner) 
Dr Simon Marschke, Real Estate 
Dr Peter Ruby, Banking and Finance (Lead Partner) 
Dr Marc Seibold, Banking and Finance 
Dr Markus Groner, Banking and Finance 
Dr Winfried Schnepp, Insurance Law 
Dr Eva Margareta Wolff, Insurance Law

Publication
PR_DB_Zwillingstuerme_07_06_2011_en
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