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CMS Hasche Sigle advises Allianz Real Estate on refinancing of Königsbau Passagen

Allianz Real Estate is providing EUR145m of finance for the Königsbau Passagen mall in the heart of Stuttgart.

The transaction is part of a complete refinancing of the senior debt, executed with Evans Randall.
 
The original loan was granted by HSH Nordbank. European Real Estate Debt II has also provided a mezzanine facility of EUR37.5m.
 
Built in 1856, Königsbau now houses a shopping/office complex with some 26,000 square metres of retail space across more than 70 shops, 18,000 square metres of office space and underground parking for 415 cars.
 
A team led by lead partners Dr Volker Zerr and Dr Peter Ruby of CMS Hasche Sigle advised Allianz Real Estate on all aspects of the transaction. Allianz has been a client of CMS Hasche Sigle for several years. 

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