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Allen & Overy advises Hypothekenbank Frankfurt AG on the sale of a Europe-wide commercial real estate portfolio with a nominal volume of EUR 2.2 billion

03 July 2015

Allen & Overy LLP advised Hypothekenbank Frankfurt AG, a subsidiary of COMMERZBANK Aktiengesellschaft, in connection with the tender for the sale of a Europe-wide commercial real estate (CRE) portfolio with a nominal volume of EUR 2.2 billion to  a syndicate consisting of J. P. Morgan and Lone Star.

 
The portfolio comprises properties in Austria, Belgium, the Czech Republic, Cyprus, Denmark, Finland, Hungary, Luxembourg, the Netherlands, Romania, Sweden, Switzerland, Slovakia and Turkey.

With its international transaction expertise and European network, Allen & Overy was selected as advisor of Hypothekenbank Frankfurt AG and COMMERZBANK Aktiengesellschaft in this strategically important transaction.

The multi-jurisdictional Allen & Overy team was led by partners Peter Hoegen (banking and finance) and Dr. Jochen Scheel (real estate) and further comprised partners Dr. Stefan Henkelmann (international capital markets), Dr. Asmus Mihm (tax, all Frankfurt), Dr. Ellen Braun (antitrust, Hamburg), Tobias Neufeld (employment, Düsseldorf), counsel Jens Nollmann (international capital markets, Frankfurt) and Dr. Christian Hilmes (real estate, Hamburg), senior associates Florian Ziegler, Fatih Coskun (both banking and finance, both Frankfurt), Dr. René Galle (antitrust, Hamburg) and associates Kai Gassert (real estate), Lennart Lautenschlager, Dr. Dietmar Schubert, Christopher Kranz (all banking and finance) and Katharina Kashishian (tax, all Frankfurt).

From the international Allen & Overy network, additional advice was provided by teams from London, Brussels, Prague, Paris, Budapest, Milan, Luxembourg, Amsterdam, Bucharest, Bratislava and Istanbul.

The inhouse team comprised Philipp Weber, Marion Lorenz and Kai Uwe Klüter.

The following partner firms were also involved:
Austria: BINDER GRÖSSWANG Rechtsanwälte GmbH, Vienna, with Stefan Tiefenthaler
Cyprus: HARNEYS Limassol, Limassol, with Pavlos Aristodemou and Nancy Erotocritou
Denmark: Kromann Reumert, Copenhagen, with Kim Rasmussen and Søren Andreasen
Finland: Krogerus, Helsinki, with Päivi Toivari
Sweden: Advokatfirman Cederquist KB, Stockholm, with Svante Hultqvist
Switzerland: Niederer Kraft & Frey, Zurich, with Andreas F. Vögeli

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