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GSK advises on the refinancing of the office and hotel complex “THE SQUAIRE”

After the successful completion of the refinancing of the office and hotel complex at Frankfurt airport, IVG Immobilien AG remains owner of THE SQUAIRE.

Real estate investor IVG Immobilien AG concluded the refinancing of THE SQUAIRE with Bank of America Merrill Lynch. The new loan has a volume of approximately EUR 470 million and runs for five years.

With its 146,000 square metres, THE SQUAIRE was built on top of the railway station at Frankfurt airport between 2007 and 2011. Today, auditing company KPMG and Lufthansa are the anchor tenants of the complex. With a portfolio valued at around EUR 3.5 billion, IVG Immobilien AG holds the largest portfolio of office buildings in Germany.

On the refinancing Clifford Chance was lead advisor to IVG Immobilien AG, while GSK Stockmann + Kollegen carried out the legal vendor due diligence and provided the responding reliance letter to the financing bank, Bank of America Merrill Lynch.

Advisors to IVG Immobilien AG:

GSK STOCKMANN + KOLLEGEN: Dr. Michael Eggersberger (lead, real estate), Dr. Michael Stobbe (lead corporate), Monique Franke, Stefan J. Schlapka (both real estate); Associates: Julia Straßer, Dr. Nadine Wachendorf (both real estate), Eva Linde (public law).

The full text of the deal news can be downloaded here.

Contact GSK Stockmann + Kollegen:
Dr. Michael Eggersberger
Dr. Michael Stobbe