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Overview

With offices in the United States and Europe, our real estate team delivers sophisticated advice to address the unique legal and business challenges of real estate transactions and investments around the globe, reducing risk and capitalizing on opportunities, wherever you do business.

Employing a full-service multi-disciplinary practice involving finance, corporate, tax, regulatory, litigation and business restructuring professionals, we provide comprehensive counsel and support through all phases of real estate development, financing and investment: from initial structuring through acquisition, construction or redevelopment, management, leasing and operations, financing, and disposition or other monetization. When necessary, you can also turn to us for workout and other divestment requirements.

Because our team is fully integrated across top-ranked practice areas in tax, business restructuring, litigation, M&A and private equity, and family office representations, you have access to the full resources of the firm when you hire us. Additionally, our finance team has deep market knowledge and experience in all segments of mortgage, mezzanine and construction lending, acting on both the lender and borrower sides. We work closely with all these colleagues on creative solutions for any issues that may impact your transaction.

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Deal highlights US

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  • Sumitomo Mitsui Trust Bank – 425 Park Avenue Mezzanine Financing

    We advised Sumitomo Mitsui Trust Bank, as lead mezzanine lender, together with co-lenders, in the financing of 425 Park Avenue, a recently constructed office building in Midtown Manhattan owned by a joint venture of L&L Holding Company, Bentall Green Oak and Tokyu Land Corporation.

    Driftwood Capital – Mezzanine Loan & Mortgage Loan

    Representation of Driftwood Capital as mezzanine lender for a mezzanine loan in the principal amount of $35.8 million in conjunction with a mortgage loan in the principal amount of $92 million for the Miami 3 portfolio, which includes three hotels throughout Miami, FL.

    Natixis Real Estate Capital – Times Square and Hospitality Financings

    We represented Natixis Real Estate Capital as lead lender in the $1.9 billion mortgage and mezzanine financing for 20 Times Square in New York. We also advised on a $265 million loan to affiliates of Starwood Capital Group for the renovation of the Princeville Hotel and Makai Golf Course in Hawaii.

    Silverstein Capital Partners – $600 Million Studio Development Financing

    We advised Silverstein Capital Partners on a $600 million mortgage and mezzanine financing for the ground-up construction of a film and television studio facility in Queens, New York.

  • Red Dragon Sands – Silver Sands Beach Resort Sale and Financing

    We advised Red Dragon Sands on the sale and related financing of the Silver Sands Beach Resort in Key Biscayne, Florida, supporting the strategic repositioning of this landmark hospitality asset.

    Ian Schrager Company – Hospitality Acquisitions and Developments

    We advised Ian Schrager Company on multiple acquisitions, developments and financings in Miami, New York, Los Angeles and other major vacation and business destinations, the development of marquis portfolio brands, as well as the acquisition and financing of a historic Chicago hotel to be rebranded, and joint ventures to develop and market mixed hotel and residential condominiums in major markets.

  • Driftwood Capital – $1.2 Billion Hotel Portfolio Formation and Financings

    We advised Driftwood Capital in the formation of Driftwood USA Hotels Portfolio, LP, a $1.2 billion portfolio consolidation encompassing 18 flagged hotels across the U.S. capitalized with a $330 million securitized mortgage loan from Wells Fargo and $85 million in preferred equity from Acore Capital.

    Ladder Capital – Mortgage Loans and Public REIT Investments

    We advised Ladder Capital in a $82.8 million mortgage loan to an affiliate of the 601W Company, for the Grant Park Apartments, 1298 N. Grant Avenue, Columbus, OH (Debt).Furthermore, we represented the firm in a $112.8 million mortgage loan for an office property located at 20801 Biscayne Boulevard, 20803 Biscayne Boulevard and 20807 Biscayne Boulevard in Aventura, FL (Debt). We also advised them on it’s public REIT in series of equity investments in a variety of commercial, residential and student housing properties across the United States with several different operating partners (Equity).

    Leading Private Equity Firm – Nationwide Mortgage Loan Portfolio and Asset Sales

    We acted as lead borrower’s counsel for numerous complex single-asset mortgage loans – senior and structured supplemental/subordinate – across various property types/asset classes (Debt). We also advised them in the strategic series of sales of portfolios consisting of 9 hotels, 22 senior living communities, 3 student housing properties, and 3 multifamily properties located throughout the country (Equity).

    SL Green Realty Corp. – Office Refinancing and Disposition

    We advised SL Green Realty Corp. along with its joint venture partner, an affiliate of Prudential Real Estate, on the mortgage refinancing of the office building located at 100 Park Avenue, New York, NY from Aareal Capital Corporation for $360 million (Debt). In addition, we worked on the sale of its interest in the office building located at 1055 Washington Boulevard, Stamford, CT to an affiliate of RPW Group (Equity).

    RFR Holding – Landmark New York Transactions

    We represented RFR Holding in the disposition of the office and retail condominium at 522 Fifth Avenue, New York, NY, to an affiliate of Amazon.com Inc. The team also represented RFR in the initial acquisition of the property from an affiliate of Morgan Stanley in 2020 (Equity). We also advised them in the $1.2 billion debt restructuring of the iconic Seagram Building located at 375 Park Avenue, New York as well as its initial acquisition of the property in 2000 and subsequent financings and refinancings, including the mortgage and mezzanine debt paid off with the new facility (Debt). We further represented them in the sale of 980 Madison Avenue, New York, New York, an approximately 134,000 square foot art gallery, office and retail building, to a company affiliated with Michael Bloomberg, the billionaire former Mayor of New York City (Equity).

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  • Empira – Refinancing of Berlin Ku’damm Eck

    We advised Empira on the refinancing and development financing of the iconic “Ku’damm Eck,” a landmark mixed-use property located at one of Berlin’s most prominent intersections. The transaction involved a complex stakeholder structure and included a significant development financing component, reflecting continued lender support for prime assets in core urban locations despite a challenging market environment for development financings.

    European Self-Storage Portfolio – Multi-Asset Refinancing

    We advised on the refinancing of 21 self-storage assets in the Netherlands assembled through acquisitions and property conversions.

    German Residential NPL Portfolio – Acquisition of loan portfolio

    We advised a leading pan-European real estate private equity manager on the acquisition of a non-performing loan portfolio secured against German residential assets.

    German Residential NPL Portfolio – Private Equity Acquisition

    We advised a leading pan-European real estate private equity manager on the acquisition of a non-performing loan portfolio secured against German residential assets.

    Linus Digital Finance – Refinancing of residential assets

    We advised Linus Digital Finance on a number of refinancings of mainly residential assets. The transactions involved the restructuring and optimization of existing financing arrangements and reflect the continued relevance of digital investment platforms in the residential real estate sector.

    Oaktree Capital – UK Commercial Property Acquisition Finance

    We advised Oaktree Capital on an acquisition financing transaction involving commercial property assets across the UK.

    Paris Educational Campus Conversion – Refinancing and Capex

    We advised on the refinancing and heavy capex funding of a central Paris property to support its conversion into an educational campus with private and social student housing.

    Patron Capital – Development Financing for LIZ Ludwigsburg

    We advised Patron Capital, together with its partner INBRIGHT, on securing development financing in excess of EUR 100 million from BGO for the redevelopment of the Ludwigsburg Industrial Centre (LIZ) near Stuttgart. The financing comprises the refinancing of the acquisition facility and a development loan for the refurbishment and construction of state-of-the-art, ESG-compliant light industrial and logistics space.

    Portuguese Residential Portfolio – Acquisition Bond Financing

    We advised on the bond financing for the acquisition of seven properties in Portugal and their conversion into build-to-sell residential assets.

    UK Life Sciences Portfolio – Development Refinancing

    We advised on the refinancing of three life sciences development assets in the UK Golden Triangle for a Tier-1 private equity sponsor.

    West London Industrial Asset – Acquisition and Capex Financing

    We advised on the acquisition and capital expenditure financing of a multi-let industrial asset in West London for a leading European asset manager and owner-operator.

  • Art-Invest – Sale of Pullman hotel in Cologne

    We advised our long-term client Art-Invest on various transactions over the past year, most recently on the sale of the Pullman hotel in Cologne to Swedish Pandox group. The transaction highlights continued investor interest in well-located hotel assets in major German cities.

    Attestor and Bentham Capital – Multi-Asset Office and Mixed-Use Acquisitions

    We advised Attestor and Bentham Capital on a series of real estate acquisitions in Hamburg and Berlin. The transactions comprise a diversified portfolio of commercial properties in prime inner-city locations and underline our clients’ investment strategy in the German real estate market.

    Compass Group and AEG – Edinburgh Park Arena Joint Venture

    We advised Compass Group on its joint venture with Anschutz Entertainment Group for the development and venue management of the proposed 8,500-capacity Edinburgh Park Arena, with an estimated GDV of £250 to £300 million.

    Elektroncek Group – Hyatt Franchise and Hotel Management Agreements

    We advised Elektroncek Group on franchise arrangements with Hyatt and a hotel management agreement with Grand Met in connection with the Sealeven Residences Opatija development in Croatia.

    GPEP – Acquisition of the Marshall Portfolio

    We advised GPEP on the acquisition of the Marshall Portfolio, comprising multiple commercial real estate assets. The transaction supports GPEP’s investment strategy focused on value-driven acquisitions and portfolio growth in core and core-plus locations.

    Grosvenor consortium –Disposal of the largest UK Logistics Park at West Midlands Interchange

    We advised a Grosvenor led consortium on the disposal of its interests in West Midlands Interchange, the UK’s largest logistics park at 8msqft, to Logistics Capital Partners and Oxford Properties at an estimated GDV in excess of £1 billion.

    Hahn Gruppe – Acquisition of EDEKA retail properties

    We advised Hahn Gruppe on the acquisition of a portfolio comprising six EDEKA retail properties for a newly launched institutional fund. The properties are characterized by established locations, long-term lease agreements and a focus on food-anchored retail assets.

    Habona Invest – Acquisition of a local supply retail portfolio

    We advised Habona Invest Gruppe on the acquisition of a portfolio of twenty-two local supply retail properties across Germany for a special fund of a German insurance company. The transaction underscores continued investor interest in resilient neighborhood retail assets.

    Helaba – Lease agreement for the land-mark Central Business Tower

    We advised Helaba on the conclusion of a long-term green lease agreement with Commerzbank AG for the landmark Central Business Tower project located in Frankfurt’s banking district. The transaction highlights the growing importance of ESG-compliant leasing structures and sustainable office developments in Germany’s premier financial center.

    Invesco Real Estate – Major UK Logistics joint ventures

    We advised Invesco Real Estate on multiple joint ventures totaling c £700M GDV, including the platform urban logistics platform with Barwood Capital, its joint venture for the acquisition of the 800,000 sqft development of Veridion Park, Dartford with Logistics Capital Partners and its joint venture with Garbe Industrial for the acquisition and development of a new logistics park in Worksop.

    Invesco Real Estate and China Investment Corporation – Signature London Office Disposals

    We advised Invesco Real Estate and China Investment Corporation on the £257 million structured disposal of Winchester House in the City of London to a joint venture between Gamuda and Castleforge Partners and the £120 M disposal of 20 Manchester Sq, the London HQ of Lazard to a joint venture between Delancey Real Estate and Aware Super representing some of the largest deals in the City and West End at such time.

    KKR – Prime logistics sale-and-leaseback transaction in Duisburg

    We advised KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, on the purchase of a prime logistics property in Duisburg, Germany through a sale-leaseback transaction. The deal marks KKR and Mirastar’s second acquisition in the German logistics market.

    Madison International Realty – UK and European Office Co-Investment

    We advised Madison International Realty on its co-investment with King Street in the acquisition and redevelopment of 200 Bishopsgate, 125 London Wall and 22 Barcelona.

    Madison International Realty – Major London Office and Living Sector Co-investment

    We advised Madison on its co-investments in 105 Victoria, the £1.1B mixed use office led development alongside Alecta, PSP Investments and Bentall GreenOak and Colliers Yard Manchester multi-family project alongside Cortland Partners and Warba Bank.

    Practice Plus Group – £189 Million Hospital Division Sale

    We represented Practice Plus Group on the £189 million sale of its hospital division, comprising 12 hospitals and surgical centres, to Narayana Health.

    Quincap Investment Partners – Landmark Development and Logistics Platform Expansion

    We advised Quincap Investment Partners on the acquisition of a 76,500 sqm brownfield in Kirchheim/Munich, to be developed into a state-of-the-art business and logistics center. We also advised Quincap on other acquisitions across Germany in the logistics and industrial sector amid sustained demand for modern distribution facilities.

    REInvest – Acquisition of the iconic Lombardhaus

    We advised REInvest on the acquisition of the iconic “Lombardhaus,” a landmark commercial property located in Hamburg’s prestigious “Rathausquartier.” The transaction involved a historically significant building in a prime inner-city location and underscores continued investor interest in trophy assets in Germany’s major cities.

    Schoeller Group – Acquisition of Upper West

    We advised the Schoeller Group on the acquisition of the Upper West high-rise building in Berlin. The transaction is one of the largest single asset transactions in the German office real estate market in recent years and involves a prominent mixed-use high-rise asset located at a key Berlin city location.

    SCPI Remake Live – Acquisition of Office Property in Halle

    We represented SCPI Remake Live on the acquisition of a landmark office property in Halle from a German insurance company. The transaction involved a listed historic building with approximately 22,000 sqm of leasable space, which is fully let on a long-term basis to the State Administration Office of Saxony-Anhalt.

    Tikehau Capital – Office Conversion, Residential Joint Venture and Retail Portfolio Acquisition

    We advised Tikehau Capital on the acquisition of an office property in Frankfurt for conversion into a serviced apartment complex as well as on the formation of a joint venture between Tikehau Capital and BlueRock in Berlin’s residential property market. The transactions demonstrate Tikehau Capital’s focus on repositioning and value-add strategies, including change-of-use concepts in response to evolving market demand. Furthermore, we were involved in Tikehau Capital’s acquisition of a retail portfolio in a sale-and-lease back from Aldi.

    Tristan Capital Partners – Purchases 450-Unit Residential Portfolio

    We advised Tristan Capital Partners on the acquisition of a residential real estate portfolio with around 450 residential units. The portfolio consists of 26 properties with a total area of approx. 36,500 sqm. The majority of the portfolio is located in Frankfurt/Main but also includes properties in Offenbach, Wiesbaden and Bad Soden, all Germany.

    UK Care Homes Portfolio – £5.2 Billion and £1.1 Billion Transactions

    We advised a real estate investment firm on the contemplated purchase and sale of UK-based care home assets with transaction values of approximately £5.2 billion and £1.1 billion, the largest ever in this sector for the UK.

    Union Investment – Largest deal in 2024

    We advised Union Investment Real Estate GmbH on various deals, amongst others on the sale of the property “FÜNF HÖFE” in Munich. The off-market transaction is one of the largest single asset transactions in Germany this year.

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