Global law firm White & Case LLP has advised Deutsche Pfandbriefbank AG (Pfandbriefbank) as lender, lead manager and mandated lead arranger on the granting of a €500 million loan for Vonovia SE.

The loan has a term of ten years and will be issued in equal parts by Pfandbriefbank and Landesbank Baden-Württemberg. The loan is secured by a residential portfolio in Dresden with a total lettable area of approximately 800,000 square meters, consisting of around 13,400 residential units and over 200 commercial units. The portfolio is almost fully let.

The White & Case team which advised on the transaction was led by partner Thomas Flatten and included counsel Alexander Born and transaction lawyer Maral Nasseri (all Frankfurt).