London/Frankfurt - Leading global law firm Mayer Brown has advised Macquarie Bank Limited on a three-year €32.5 million facility for Sirius Real Estate Limited. The facility will be used to refinance nine assets as part of a wider restructuring aimed at maintaining a well balanced portfolio of high income-producing assets within the Sirius group.

In January 2013, Mayer Brown advised Macquarie Bank on a four-year €28.5 million facility for Sirius Real Estate, which was used to refinance five other assets. Both transactions were linked as part of the new restructure by way of cross guarantees.

Sirius Real Estate is an AIM-listed company and is the leading operator of branded business parks providing flexible working for the German SME market.

Nigel White, Banking & Finance partner at Mayer Brown, said: "I am very pleased that we have been able to build upon our growing relationship with Macquarie Bank by representing the bank in this matter. The deal shows continued interest in the German real estate sector and enables Sirius to further develop its assets portfolio."

The Mayer Brown team was led by Banking & Finance partner Nigel White and included Corporate & Securities partner Jeremy Kenley (both London), Real Estate partner Dr Jörg Lang and Banking & Finance partner Dirk-Peter Flor (both Frankfurt). They were assisted by Banking & Finance senior associate Jayne Backett (London), associate Marc Bäumer and Real Estate associate Elmar Günther (both Frankfurt).