Dentons advises Nuveen Real Estate on the refinancing of Berlin shopping center Gropius Passagen

en

Global law firm Dentons advised Nuveen Real Estate as borrower on the refinancing of Berlin shopping center Gropius Passagen. The lender, Allianz Real Estate, is granting a seven-year loan of €230 million to refinance the shopping center.

<< Back
27/06/2019 |
  • Hadet Stephane

Nuveen Real Estate manages 80% of the Gropius Passagen property through a joint venture with Unibail Rodamco Westfield. Nuveen is one of the world's largest real estate investment managers with approximately €107 billion in assets under management.

Gropius Passagen is one of the largest shopping centers in Berlin. A five-year refurbishment program, due to be completed in 2020, will completely modernize the center with a mix of national and international top brands, a newly created food court and a multiplex cinema. The center’s turnover was €237 million in 2018 and is expected to increase because of the repositioning and improved asset quality.

A Dentons team, led by Frankfurt partner Bernhard Gemmel, advised Nuveen on the refinancing process and negotiated the financing and security documentation together with Allianz Real Estate. Partner Stéphane Hadet and senior associate Christophe Renaudin from the Banking and Finance practice in Luxembourg were also involved in the deal.

Dentons has advised Nuveen for several years, most recently on the refinancing of an existing acquisition loan in connection with a large shopping center in southern Germany.

Advisors Nuveen Real Estate:

Dentons (Frankfurt): Bernhard Gemmel (Partner, Lead, Real Estate Finance), Tobias von Gostomski (Counsel, Banking & Finance), Dr. Andrej Latinovic (Counsel, Real Estate)

Dentons (Luxembourg): Stéphane Hadet (Partner), Christophe Renaudin (Senior Associate, both Banking & Finance).

 

Back to top  | << Back

Communiqués liés

pwc logo
28/03/2024

Luxembourg's competitiveness: are we still in the race? Seiz...

The 17th Journée de l’Economie took place on 26 March 2024 at the Luxembourg ...

PwC Luxembourg
Wasilewski Didier 2024
28/03/2024 Personnalités

Didier Wasilewski rejoint la direction générale du groupe ...

Didier Wasilewski, Senior Executive d'artelis s.a. et directeur commercial de lo...

Artelis S.A.
Chris Allen - Group CEO Quintet Private Bank
28/03/2024

Le bénéfice net 2023 de Quintet s’élève à 46,9 millio...

Quintet Private Bank, opérant à travers l'Europe et le Royaume-Uni, a annoncé...

Quintet Private Bank
Old town Zurich
28/03/2024

Immobilier de luxe en Suisse – Cela ne marche pas tout seu...

En 2023, le segment du luxe n’a pas été épargné par la hausse des taux dâ€...

UBS Luxembourg
 62A0290 sm
26/03/2024

DLA Piper relocates to iconic Nova Building at the heart of ...

Global law firm DLA Piper will move on 2 April to its new Luxembourg home, the i...

DLA Piper
500 dim250--035-edit-sized-4

Goodyear inaugure son nouveau centre de simulation à Colmar...

Goodyear Tire & Rubber Company a officiellement inauguré aujourd'hui son centre...

Goodyear

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more