POELLATH advises M.M.Warburg & CO on placement of real estate loans in the amount of approximately EUR 40 million

The investor in the transaction is the German pension fund of a DAX-listed company. In this transaction, loans in the real estate debt asset class were placed by way of a structure selected for this purpose under German law. The structure is based on the requirements of investment regulations, tax law and civil law. The placement consists of senior secured loans for residential project developments in German urban areas, whereby the placement was only partial, i.e., M.M. Warburg & CO retains a significant interest in the loans. This ensures a continuous alignment of interests between the bank and the investor.

The aim of the transaction is to expedite the transformation from a lending institution to an asset manager in the private debt sector. The transaction thus represents a further step in achieving the strategic goals set in the lending business. Further transactions are to follow.

POELLATH provided comprehensive legal and tax advice to M.M. Warburg & CO with the following Frankfurt-based team:

• Dr. Sebastian Käpplinger (partner, private funds)
• Dr. Jens Linde (associated partner, financing)
• Dr. Marco Ottenwälder (counsel, tax law)