18 January 2005 – LAWFUEL – The Law News Network – Allen & Overy LLP…

18 January 2005 – LAWFUEL – The Law News Network – Allen & Overy LLP, Frankfurt and Hamburg advised Hypo Real Estate Bank International (as arranger) on the financing of the purchase of properties throughout Germany by Eurocastle Investment Ltd., an investment company listed on the London Stock Exchange and managed by Fortress Investment Group LLC. The portfolio sold by Deutsche Bank and related entities consists of 109 properties in 90 German cities. The commercial and office buildings with an overall rentable area of approximately 300,000 sq m are
located mainly in the centres of medium-sized and smaller cities. The
majority of the properties will be leased by Deutsche Bank.

The transaction was led by partners Ian Powell (English law) and Peter H.
Hoegen (German law), who were supported by associates Karen Zöttl and
Aoife Cassidy (English law), Olaf Meisen, Stefan Koser, Christine Schmidt,
Dr. Thomas Flatten, Katharina Fehrmann, Dr. Ramin Löschner, Hans-Thomas
Nehlep and Dr. Martin Buenning (German law) together with Danielle Kolbach
(Luxembourg law).

Ian Powell comments: “This was a ground-breaking transaction in Germany in
terms of both the size and geographical breadth of the portfolio and it
contained some interesting structural features. It was a real achievement
to meet the demanding timetable on this transaction, which saw us closing
less than four weeks after our instruction by Hypo.”

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