18 February 2022

GSK Stockmann advises Pembroke on refinancing of Munich’s Maximilianhöfe

GSK Stockmann has provided comprehensive advice to Pembroke, the international real estate advisor specialising in mixed-use and office environments in the world’s leading cities, on the refinancing of the Maximilianhöfe in downtown Munich.

Comprising over 20,000 sqm of world-class mixed-use space, Maximilianhӧfe is one of Munich’s prime luxury retail destinations and is an integral part of the city’s vibrant retail, leisure, and cultural offer. Located on Maximillianstrasse, Munich’s exclusive luxury retail street, the building is fully let and home to a range of international office occupiers, leading luxury brands and dining offerings, alongside 80 underground car parking spaces.

For the refinancing, pbb Deutsche Pfandbriefbank and Landesbank Baden-Württemberg (LBBW) jointly provided long-term financing totalling 300 million euros. Pbb and LBBW acted as joint lead arrangers and provided equal shares of the financing, with pbb acting as facility and security agent for the transaction.

GSK Stockmann provided comprehensive advice on the refinancing with a team led by Munich partner Alma Franke. The advice related in particular to financing negotiations and real estate law issues. GSK Stockmann had already advised Pembroke in 2012 on the purchase of the property and on the financing at that time.

Advisers of Pembroke Real Estate Inc.:

GSK Stockmann: Alma Franke (lead), Mechtild-Maria Siebke; Associates: Marie Bogutzki, Julius Groth (all Finance); Volker Hofstetter, Olaf Jacobsen; Associates: Theresa Jakob, Simon Rieger, Duc Hieu Le, Vanessa Lampe, Annika Hamrol, Eda Ceren Öz (all Real Estate)


Press contact
+49 30 203907-7763


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Contact person

Dr. Alma Franke, LL.M. (Fordham)


+49 89 288174-667


For reasons of better readability, we use the gender-neutral generic masculine. However, the information expressly refers to all genders.

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