Home Legal Advice Baker McKenzie advises Berlin Hyp on actual property financing for Signature Capital

Baker McKenzie advises Berlin Hyp on actual property financing for Signature Capital


Baker McKenzie suggested Berlin Hyp AG as lender on an actual property financing for the asset supervisor Signature Capital. Berlin Hyp is offering a loan of round €48 million for this over a time period of 5 years to refinance an current credit score.

The mortgaged property, in-built 1993, is located on the waterfront, on the Salzufer in Berlin-Charlottenburg, and includes two particular person buildings, one with seven storeys and one with eleven storeys. The complete rental space presently quantities to round 15,000 sq. metres, which is predicted to extend to round 17,300 sq. metres after an extension of two extra storeys. Completion of those new storeys is deliberate for the top of 2021.

Baker McKenzie suggested Berlin Hyp AG on all authorized facets in reference to the true property financing.

“Once again, we were able to support our client in the successful closing of a real estate financing. The transaction highlights our expertise in financing and real estate share deals,” feedback Dr. Patrick Mittmann, Banking & Finance Partner at Baker McKenzie.

Berlin Hyp specialises in large-volume actual property finance for skilled traders and housing societies, for whom the Bank develops particular person financing options. As an enterprise forming a Group along with the German financial savings banks, it additionally makes an in depth spectrum of services obtainable to those establishments. Berlin Hyp just isn’t solely on the forefront because the issuer of the primary Green Pfandbrief; the financial institution additionally supports the financing of sustainable actual property. Berlin Hyp’s clear focus, 150 years of experience and the power to actively form the digital transformation in the true property sector with an eye fixed to the long run characterize the Bank as a number one German actual property and Pfandbrief financial institution.

Signature Capital, with workplaces in Berlin, Dublin and Luxembourg, was established in 2004 by Ciaran McNamara and Enda Woods and has acquired over €1 billion of actual property belongings thus far. Signature Capital pursues worth added and core plus possibilities in each workplace and retail belongings and has in depth experience and experience in industrial investments, developments and redevelopments. Signature Capital has been efficiently working with funds, establishments and household unit workplaces for greater than a decade.

The Banking & Finance-Team of Baker McKenzie commonly advises a lot of German and global monetary establishments. Amongst the newest purchasers are such establishments because the ING Bank, DZ Bank, LBBW, Commerzbank, MUFG, UBS, BNPP, DEKA, SCB, RBS, CAERUS Debt Investments AG and Berlin Hyp AG.

Legal advisor to Berlin Hyp AG:
Baker McKenzie

Lead: Banking & Finance: Dr. Patrick Mittmann (companion, Frankfurt), Jean-Francois Trapp (companion, Luxembourg)

Team: Banking & Finance: Alexis Bouvet (senior affiliate), Aline Koenig (affiliate, each Luxembourg)

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