Clifford Chance advised BGP Investment on the refinancing of a residential property portfolio through the issuance of commercial mortgage backed securities (CMBS)

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3 December 2013

Munich

Clifford Chance advised BGP Investment on the refinancing of a residential property portfolio through the issuance of commercial mortgage backed securities (CMBS)

Clifford Chance advised BGP Investment S.à r.l. on a CMBS transaction relating to a residential portfolio. The CMBS issued by Irish special purpose vehicle Monnet Finance Limited are secured by a commercial mortgage loan granted to Borrowers of the BGP Investment group of companies. BGP Investment S.à r.l. is a Luxemburg private company which holds interests in portfolios of real estate assets through special purpose vehicles in Europe.

The total amount of CMBS issued was EUR 406 million with a maximum maturity until 2021.

The Clifford Chance team was led by partners Dr. Patrick Biagosch (Corporate, Munich), Barbara Mayer-Trautmann (Banking & Capital Markets, Munich) and Dr. Oliver Kronat (Banking & Capital Markets, Frankfurt) and included partner Christian Trenkel (Real Estate, Munich), counsels Dr. Bernhard Magg (Corporate, Munich), Kerstin Schaepersmann (Banking & Capital Markets, Frankfurt) and Christian Hentrich (Banking & Capital Markets, Munich), senior associate Dr. Michael Lamsa as well as associates Dr. Jessica Wilckens (Corporate, Munich), Charlotte Rau, Maike Täufer (both Banking & Capital Markets, Frankfurt) and Dorothea Schimmel (Real Estate, Munich).

Clifford Chance berät BGP Investment bei der Refinanzierung eines verbrieften Immobiliendarlehens durch eine Emission von CMBS

Die internationale Anwaltssozietät Clifford Chance hat BGP Investment S.à r.l. bei der Emission von commercial mortgage backed securities (CMBS) beraten. Die durch die irische Zweckgesellschaft Monnet Finance Limited begebenen Schuldverschreibungen sind durch Wohnimmobiliendarlehen besichert. BGP Investment S.á r.l. ist eine luxemburgische Gesellschaft, die über Zweckgesellschaften Anteile an Immobilienportfolios in Europa hält.

Insgesamt wurden Schuldverschreibungen in Höhe von 406 Millionen Euro und mit einer maximalen Laufzeit bis 2021 begeben.

Das Beratungsteam von Clifford Chance unter Federführung der Partner Dr. Patrick Biagosch (Corporate, München), Barbara Mayer-Trautmann (Banking & Capital Markets, München) und Dr. Oliver Kronat (Banking & Capital Markets, Frankfurt) bestand aus Partner Christian Trenkel (Real Estate, München), den Counseln Dr. Bernhard Magg (Corporate, München), Kerstin Schaepersmann (Banking & Capital Markets, Frankfurt) und Christian Hentrich (Banking & Capital Markets, München), Senior Associate Dr. Michael Lamsa (Corporate, Frankfurt) und den Associates Dr. Jessica Wilckens (Corporate, München), Charlotte Rau, Maike Täufer (beide Banking & Capital Markets, Frankfurt) und Dorothea Schimmel (Real Estate, München).