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Sub practice
Sub practice

Real Estate Finance and Workouts

Our German Real Estate Finance (REF) practice, consisting of German and English law qualified lawyers, is the leading REF practice in Germany.

We act on all aspects of real estate finance, including mortgage loans, both senior and mezzanine origination, loans to be refinanced by German covered bonds (Pfandbriefe), development finance, project and infrastructure finance, real estate structured finance as well as MBS origination and securitisation, portfolio deals, sale and lease-back structures, share and asset deals, loan sales (especially non-performing loans) and investment fund structures.

A further focus of our REF practice is on the restructuring of deals in the real estate sector, in particular CMBS restructurings and workouts. Our integrated team is highly specialised and combines structured finance know-how with an in-depth knowledge of related insolvency issues.

Our REF practice is an integral part of our Alternative Investments Group. As such, we contribute asset expertise and market intelligence in real estate finance for all our clients which invest in alternative asset classes. A particular focus lies on seamlessly combining our finance advice with advice on regulatory, tax and corporate law aspects.

Clients

As real estate finance experts, we have experience advising lenders as well as borrowers on both national and cross-border transactions. Our clients include leading Pfandbrief banks, international credit institutions, insurers and pension scheme providers, as well as institutional investors, private equity firms, housing companies, asset management firms, real estate developers and real estate funds. In the field of Alternative Investments, we act for clients including infrastructure funds and private equity funds, asset managers, banks, hedge funds, insurance companies and pension funds, as well as companies and corporate groups whose activities focus on alternative assets.

News and insights

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Publications: 04 April 2024

Employee risk considerations for private capital investors

Employee activism is increasingly becoming a focal point within the private equity sector, as employees leverage their voice to influence company policies and practices. This shift towards a more…

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Publications: 05 March 2024

Women in Funds: Conversation with Jeanette Bruns, Head of Debt Fund Management at Deka Immobilien Investment GmbH

In the next episode of “Women in Funds”, funds & asset management partner Dorothee Atwell and associate Ruth Rawas, both based in Frankfurt, have a discussion with Jeanette Bruns, Head of Debt Fund…

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Digital computing vaults

Publications: 29 September 2023

Update – Germany tightens energy efficiency requirements: New challenges for companies and data centers

On 21 September 2023, the German Parliament passed the heavily discussed German Federal Act on the Increase of Energy Efficiency (Energieeffizienzgesetz – EnEfG) that aims at significantly increasing…

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Publications: 09 May 2023

Germany to tighten energy efficiency requirements for buildings, companies and data centres

In April 2023, the German government proposed new legislation that aims to significantly increase energy efficiency requirements for buildings, companies and data centres. The government’s proposals…

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Recognition

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Real estate finance germany

Our Real Estate/Real Estate Finance practice in Germany

Our Real Estate practice in Germany brings together lawyers from across Allen & Overy’s practice groups with particular involvement from our real estate, real estate finance, private equity/corporate, tax, securitisation, capital markets, litigation, public law, investment funds and restructuring groups. 

Alternative Investments Group

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Our expertise

Today, alternative investments have become an integral part of institutional investor portfolios. Our Alternative Investments Group pools all the necessary expertise and supports you in your investments on a global scale.