Mayer Brown advises Macquarie Bank on €28.5m real estate loan
30 January 2013
London - Leading global law firm Mayer Brown has completed a transaction for Macquarie Bank Limited, advising on a four year €28.5m facility for Sirius Real Estate Limited. The facility will be used to refinance five assets, three of which are within an existing loan facility, as part of a wider restructuring aimed at leaving the company with a well balanced portfolio of high income-producing assets.
Mayer Brown has a longstanding relationship with Macquarie Bank globally and this is a significant step in developing the work with the real estate team.
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, said: "We're seeing continued interest in the German real estate sector so I'm pleased that we've completed this transaction for Macquarie Bank which will enable Sirius to focus on developing their assets portfolio."
The team was led by London Banking & Finance partner Nigel White and included Corporate partner Jeremy Kenley, Real Estate partner Dr. Jörg Lang (Frankfurt), Banking & Finance partner Dirk-Peter Flor (Frankfurt). They were assisted by Banking & Finance senior associate Nanak Keswani and associates Nathan Weaver and Marc Bäumer (Frankfurt) and Real Estate senior associate Elmar Günther (Frankfurt).