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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

real estate property

Publications: 26 FEBRUARY 2021

Higher Regional Court judgement: risk-sharing between landlord and tenant as a result of the pandemic-related closures

On 24 February 2021, the Higher Regional Court (Oberlandesgericht) of Dresden (judgment of 24 February 2021, case no. 5 U 1782/20) took a stand on risk-sharing between landlord and tenant as a result…

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retail

Publications: 21 DECEMBER 2020

Covid-19 Update: Act to further shorten the residual debt discharge procedure

Effects on the Commercial Lease Law

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retail property

Publications: 18 DECEMBER 2020

Covid-19 Update: New Lockdown - Effects of the Federal-State Resolution of 13 December 2020 on the Commercial Rental Law

On 13 December 2020, the Federal Chancellor and the Prime Ministers of the Federal States again decided, in view of the current development of the Covid-19 pandemic, to impose far-reaching measures…

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Allen & Overy graphic

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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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.