Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 10-11-2015 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Tilad Financing for ECE Acquisition of Distribution Centre, Lohne | Industry: | Real Estate Investment & Services |
| Description: |
Clifford Chance advised an affiliate of Tilad, a Gulf-based multi-family office, on the financing of the acquisition of a distribution centre under construction in Lohne near Herford, Germany. The vendor is ECE Projektmanagement GmbH and Co. KG, headquartered in Hamburg.
ECE will remain developer and building owner until completion of the construction which is expected for spring 2016. The construction project will comprise three interconnected buildings with approximately 100,000 square metres of shed space and around 7,000 square metres of office and social space. The distribution centre is let to Otto GmbH & Co. KG on a long-term basis and is used by two companies of Hermes group.
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| Financial Center: | Frankfurt | Value: | 0.00-0.00 |
| Advised Party: | Borrower | Law Firm | Clifford Chance |
| Real Estate Jurisdiction | Germany | Real Estate Jurisdiction | Germany |
| Classification: |
Real Estate Finance Warehouses |
Lawyer | Gerold M Jaeger |
