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

The DeWAG group is a real estate investor and asset manager, active throughout Germany relating to approximately 14,500 residential units.

The portfolio for the refinancing includes more than 3,000 apartments which are predominately located in Bavaria, Baden-Wuerttemberg, North Rhine-Westphalia and Hesse. Financing bank is the HSH Nordbank AG (Hamburg, Kiel). The financing volume was approximately 130 million Euros.

This second partial refinancing completes DeWAG’s refinancing of a loan with The Royal Bank of Scotland plc. In 2011, DeWAG undertook the first partial refinancing with a consortium of several banks and one insurance company. Mayer Brown advised DeWAG on that transaction as well (News Release).

The Mayer Brown team working on the transaction was led by counsel Alexa Metzger (Banking & Finance, Frankfurt) and encompassed partner Frank Endebrock (Real Estate, Frankfurt) and associates Marc Bäumer, Fabian Arhelger (both Banking & Finance) and Gelena Yufa (Real Estate, all Frankfurt).