Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 12-03-2018 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Financing for ADLER Acquisition of Brack Capital Properties | Industry: | Real Estate Investment & Services |
| Description: |
White and Case LLP advised JP Morgan, as mandated lead arranger and agent, on the financing of ADLER Real Estate AG's acquisition of up to 70 percent of Brack Capital Properties N.V. (BCP), a public limited liability company incorporated in the Netherlands and listed on the Tel Aviv Stock Exchange with total assets amounting to around EUR1.6 billion.
At the time of the financing, BCP owned a real estate portfolio of more than 11,000 residential units in Germany, of which two thirds were located in prime locations. The portfolio was concentrated in major German cities, among them Leipzig (30 percent), Bremen (ten percent), Dortmund, Hannover and Kiel (nine percent each), overlapping with the existing ADLER portfolio.
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| Financial Center: | London | Value: | 1000.01-5000.00 |
| Advised Party: | Lender | Law Firm | White & Case |
| Borrower Jurisdiction: | Netherlands | Lender Jurisdiction: | United Kingdom |
| Classification: |
Acquisition Finance Public Company Acquisition |
Lawyer | Jacqueline Evans |
