Frankfurt, Berlin—Global law firm Dentons has advised Singapore-based investor IREIT Global on the refinancing of its existing real estate portfolio. The refinancing is provided by a €200,760,000 loan granted by UniCredit to the subsidiaries of IREIT Global. The secured loan will serve to refinance a portfolio of office properties in Berlin, Bonn, Darmstadt, Münster and Munich with a total net lettable area of around 200,600 sq.m.

IREIT Global is the first Singapore-listed real estate investment trust with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing real estate in Europe as well as real estate related assets. The real estate is used primarily for office, retail and industrial (including logistics) purposes.A Dentons team led by Frankfurt partner Bernhard Gemmel advised IREIT Global on all aspects of the refinancing. Apart from German law, Dentons also advised in the Dutch and Singapore jurisdictions, where further lawyers were involved. Berlin-based partner Dirk-Reiner Voß and his team advised on real estate law matters.

Dentons has advised IREIT for several years. The Dentons team in Berlin advised the client on the acquisition of the real estate portfolio in 2014 and 2015. Subsequently the Frankfurt team advised on the financing of the office property in Berlin in 2015.

Advisors IREIT Global:

Dentons (Frankfurt): Bernhard Gemmel (Partner, Lead), Tobias von Gostomski (Counsel), Ceren Uzun (Senior Associate, all Real Estate Finance)

Dentons (Berlin): Dirk-Reiner Voß (Partner), Dr. David Lange (Counsel), Dr. Michael Bayliss (Associate, all Real Estate)

Dentons Boekel (Amsterdam): Marcel Janssen (Partner), Jack Schrijver (Senior Associate), Gerard Koster (Associate, all Banking & Finance)

Dentons Rodyk (Singapore): Marian Ho (Senior Partner, Corporate)