Baker McKenzie advised the banking consortium on the financing of the Berlin Sony Center acquisition. The well-known property was sold to a joint venture of Oxford Properties Group and Madison International Realty. The sale of the Sony Center is one of the largest real estate transactions of the year in Germany.
The acquisition is financed by a consortium consisting of pbb Deutsche Pfandbriefbank AG, Landesbank Baden-Württemberg (LBBW) and ING Wholesale Banking. The loan volume amounts to 625 million euros.
We are delighted to have advised the banking consortium on this important transaction.
"With all parties involved pulling together, this financing was completed in a very short time frame", comments Filip Kurkowski, partner of Baker McKenzie in the lead.
Baker McKenzie's real estate finance practice regularly advises banks and investors on financings in Germany and Europe. Amongst others the firm advised ING and Berlin Hyp on the financing of the TaunusTurm in Frankfurt.
Legal advisor to the banking consortium:
Filip Kurkowski (partner Banking & Finance, Frankfurt) und Kathrin Marchant (partner Banking & Finance, Frankfurt);
Banking & Finance: Anouschka Zagorski (senior counsel, Frankfurt); Astrit Rexhaj (associate, Frankfurt), Jean-Francois Trapp (partner, Luxemburg), Manuela Dias Marques (senior associate, Luxemburg)
Real Estate: Dr. Florian Thamm (partner, Frankfurt), Dr. Daniel Bork (associate, Düsseldorf)
Tax: Dr. Stephan Behnes (partner, Frankfurt)