Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 31-01-2014 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Evans Randall Refinancing of Konigsbau Passagen, Stuttgart | Industry: | Real Estate Investment & Services |
| Description: |
King and Wood Mallesons SJ Berwin has advised Evans Randall, the privately-held UK investment banking and private equity group, in connection with the refinancing of its senior debt position on its prime retail shopping centre, the Konigsbau Passagen, in Stuttgart, Germany. The transaction, which has replaced the existing facility from HSH Nordbank, includes a senior facility from various Allianz entities for EUR145 million and a mezzanine facility of EUR37.5 million provided by European Real Estate Debt II S.a.r.l. which has been advised by DRC Capital.
The transaction was led by finance partner Dr. Wolfgang von Schonborn.
Konigsbau Passagen comprises 26,000 sqm of prime retail space with more than 70 shops, 18,000 sqm of prime office space and car parking below the centre with 415 spaces. It features a range of more than 70 upmarket retail, dining and leisure outlets across five floors. Located alongside the historic Konigsbau building, built in 1856 and formerly home of the Stuttgart stock exchange, Konigsbau Passagen is the largest shopping centre in Stuttgart with more than 3.3 million people living in its catchment area.
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| Financial Center: | Munich | Value: | 100.01-500.00 |
| Advised Party: | Borrower | Law Firm | King & Wood Mallesons SJ Berwin |
| Real Estate Jurisdiction | Germany | Real Estate Jurisdiction | Germany |
| Classification: |
Real Estate Finance Shopping Centres and Retail |
Lawyer | Wolfgang von Schonborn |
