Stuttgart – A joint venture established by US financial services provider TIAA-CREF and German shopping centre company mfi AG has acquired Gropius Passagen in Berlin for around EUR 341 million. The debt finance element exceeds EUR 230 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. The real estate team led by Dr Volker Zerr regularly advises Allianz on property transactions and finance. At the start of 2012, CMS Hasche Sigle advised Allianz on the acquisition of shares in Hamburg's Europa Passage. In 2011, the firm advised Allianz on financing the Deutsche Bank’s twin towers in Frankfurt.
Advisers CMS Hasche Sigle
Dr Volker Zerr, Real Estate, Lead and Client Relationship Partner
Dr Peter Ruby, Banking and Finance, Lead Partner
Dr Marc Seibold, Banking and Finance
Dr Simon Marschke, Real Estate
Dr Georg Lauster, Banking and Finance
Dr Winfried Schnepp,
Dr Frank Püttgen, both Insurance Regulatory Law