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Clifford Chance advises The Social Hub on a €566 million refinancing facility for its European Portfolio

27 November 2023

Clifford Chance advises The Social Hub on a €566 million refinancing facility for its European Portfolio

International law firm Clifford Chance has advised The Social Hub ('TSH') in relation to the successful closing of a €566 million refinancing facility for its European portfolio, led by Aareal Bank together with two participating lenders, including Rabobank.

Operated under TSH’s hybrid hospitality concept offering co-working, events, hotel, extended-stay rooms and student accommodation, the cross-border portfolio comprises 13 properties across the Netherlands, Spain, France and the UK. With nearly 7,000 rooms across Europe and another 3,000 in the pipeline, TSH, formerly known as The Student Hotel, has evolved into an enviable brand amongst tourists, students and young professionals.

Aareal Bank acted as the Arranger, Agent, and Security Agent of the senior loan, which is classified by Aareal as a Green Loan under its own Green Finance Framework. Read more about the transaction here.

The Clifford Chance cross-border team was led out of Amsterdam by Titus de Vries and Amin Tamaddoni, and further consisted of Daniela Chilkevitsh, Shaun Campbell, Inge De Bruin, Priyanka Paunrana, Niels Kuil, Robin Houtveen, Esmée Oldenkamp, Ceren Akgöl and Lotte de Bruin in Amsterdam, Jonathan Lewis, Sophie Guilhem-Ducléon and Skander Ben Salem in Paris, and Eugenio Fernández-Rico, Álvaro Cabaleiro, Sofía Riaño and María Vispo in Madrid.