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.