DLA Piper has advised leading international property specialist Aareal Bank Group, on the provision of a complex five-year term debt facility of up to €800 million to certain funds affiliated with Apollo Global Management LLC, together with its consolidated subsidiaries “Apollo.” The debt will finance a pan-European portfolio of logistics properties, with the tailor-made facility providing stability, security and flexibility for Apollo’s growing and diverse pan-European logistics portfolio.
Headquartered in Wiesbaden, Germany, Aareal Bank Group provides smart financings, software products, and digital solutions for the property sector and related industries, and has a presence across Europe, North America and Asia.
Aareal Bank AG, whose shares are included in the Deutsche Börse’s MDAX index, is the Group’s parent entity. It manages the various units that fall under the Group’s two business segments: Structured Property Financing and Consulting /Services.
“We are delighted that we were able to provide this complex financing for a cross-border portfolio, together with such renowned partners, within just ten weeks”, said Christof Winkelmann, Management Board member of Aareal Bank.
The international DLA Piper team was led by Frankfurt-based Finance, Projects and Restructuring partner, Dr Torsten Pokropp, assisted by senior associate Martin Wilmsen and transaction lawyer Zsuzsanna Somogyi-Csizmazia, Munich-based Real Estate partner, Martin Haller, and associate, Markus Kotowski. They were supported by Frankfurt-based Tax of counsel, Martin Heinsius, senior associate, Marc Fellner, and Real Estate legal project manager, Tamara Schwenk. In addition, DLA Piper teams in the relevant jurisdictions were involved.
In-house advice on the transaction was given by Mark Böhmer, Katrin Schellberg, Aminata Omog, Katy Peetermans and Karolina Fusekova, and on the market side by Michael Eisenkolb and Johannes Kupers (each as known within the market).
The original press release can be found here on DLA Piper’s website.