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15.10.2015

GSK Stockmann + Kollegen advises Bayerische Versorgungskammer on the lending to GEWOFAG

GSK Stockmann + Kollegen advised the Bayerische Versorgungskammer with respect to a EUR 150 million loan awarded to Munich based GEWOFAG Wohnen GmbH. This is the first time Bayerische Versorgungskammer acts as sole financier for a corporate loan, having acted as co-investors in cooperation with other banks in the past.

By granting the loan to GEWOFAG the Bayerische Versorgungskammer actively participates in creating affordable housing in the Bavarian capital. GEWOFAG Wohnen GmbH is a subsidiary of GEWOFAG Holding GmbH – the largest urban housing developer owned by the City of Munich and with approx. 35,000 flats Munich’s largest lessor.

With about 6,500 flats, Bayerische Versorgungskammer is not only an active player in Munich’s rental market, it also engages in the field of infrastructure and real estate financings. These business segments shall be further expanded in the future.

GSK Stockmann + Kollegen advised the Bayerische Versorgungskammer on the drafting and negotiation of bonded loans as well as on the examination of issues of supervisory law.

Advisor to Bayerische Versorgungskammer:
GSK Stockmann + Kollegen: Dr. Alma Franke, LL.M. (Finance), Dr. Timo Patrick Bernau (Supervisory).

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Dr. Alma Franke, LL.M.