BCLP advises LBBW on 350 million Euro refinancing of a real estate portfolio

International law firm BCLP advised Landesbank Baden-Württemberg (LBBW) on a refinancing with a volume of over EUR 350 million. LBBW is refinancing a real estate portfolio of the "Sondervermögen PATRIZIA Res Publica Hessen I". The portfolio consists of 22 fully let properties in Hessen with a rental area of approx. 331,300 sqm.

LBBW is the largest German Landesbank and a leading provider of financing solutions for companies in the real estate industry.

Legal advice for this transaction was provided by BCLP under the leadership of partners Dr. Torsten Pokropp and Frank Schwem as well as counsel Constantin Alfes. The BCLP team also included Senior Associate Tony Sparing, Associate Katerina Diamantopoulou and Transaction Manager Romy Damm.