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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 & insights

Publications: 02 APRIL 2020

Real estate and Covid-19 coronavirus - the questions we are being asked in Germany

This note discusses a number of issues and queries that are arising in the commercial real estate investing and lending markets in Germany as a result of the Covid-19 coronavirus pandemic.

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Covid-19

Publications: 27 MARCH 2020

Covid-19 coronavirus: The Covid-19 Act and its impact on real estate financings in Germany

On 27 March 2020 the parliament adopted the Covid-19 Act. This act enacts various economic support measures for entrepreneurs, sole proprietors, other small, medium-sized and large enterprises and…

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Covid-19

Publications: 27 MARCH 2020

Covid-19 coronavirus: Covid-19 Act and impact on real estate leases

Massive economic effects of Covid-19 on the real estate sector, in particular, on lease agreements.

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apartment building

Publications: 07 FEBRUARY 2020

Berlin Rent Act passed - What are the practical consequences?

On 30 January 2020, Berlin’s House of Representatives passed the hotly discussed Berlin Rent Act, introducing the so-called “rent freeze”. It is expected to come into force in late March/early April…

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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.