Stuttgart – Allianz Real Estate is providing EUR 145 million of finance for the Königsbau Passagen mall in the heart of Stuttgart. The transaction is part of a complete refinancing of the senior debt, executed with Evans Randall. The original loan was granted by HSH Nordbank. European Real Estate Debt II S.à r.l. has also provided a mezzanine facility of EUR 37.5 million. Built in 1856, Königsbau now houses a shopping/office complex with some 26,000 square metres of retail space across more than 70 shops, 18,000 square metres of office space and underground parking for 415 cars.
A team led by lead partners Dr Volker Zerr and Dr Peter Ruby advised Allianz Real Estate on all aspects of the transaction. Allianz has been a client of CMS Hasche Sigle for several years. The team led by real estate expert Dr Volker Zerr regularly advises Allianz on property finance. Recent examples include financing the Deutsche Bank towers (Frankfurt), Gropius Passagen (Berlin), CentrO (Oberhausen) and a logistics portfolio. The law firm also advises on real estate transactions, such as the sale of Berlin’s tallest office building, Treptower, the acquisition of an 80-strong portfolio of retail properties from ALDI (sale and leaseback) and the acquisition of the Europa Passage, Hamburg.
CMS Hasche Sigle
Dr Volker Zerr, Lead Partner
Dr Franziska Rösch
Dr Thanh Cao, all Real Estate
Dr Peter Ruby, Lead Partner
Dr Marc Seibold
Dr Georg Lauster
Dr Andreas Grunert, all Banking and Finance
Dr Winfried Schnepp
Dr Frank Püttgen
Dennis Spallino, all Insurance Regulatory Law
Inhouse at Allianz Real Estate: