Leading global law firm Mayer Brown advised DeWAG Deutsche WohnAnlage GmbH (DeWAG) on the partial refinancing of a residential real estate portfolio.

DeWAG is a real estate investor and asset manager with  assets in West Germany and a housing stock of more than 13,500 units. The portfolio for the refinancing includes 4,900 apartments which are located in the Hamburg, Frankfurt/Wiesbaden and Bavaria region.

The consortium of banks included Deutsche Hypothekenbank (Actien-Gesellschaft) as facility agent, Münchener Hypothekenbank, R+V Allgemeine Versicherung and WL Bank. Furthermore, Volksbank Düsseldorf granted a subordinated loan. The financing volume was EUR 213 million.

The Mayer Brown team was led by Alexa Metzger (Banking & Finance, Berlin). The team also included Matthias Meckert (Real Estate, Frankfurt), Sven Seibold (Banking & Finance, Frankfurt) and Florian Witzemann (Real Estate, Frankfurt).