DLA Piper advises LBBW on the financing of a residential property portfolio owned by Adler Group

DLA Piper has advised Landesbank Baden-Württemberg (LBBW) on the financing of a residential property portfolio with a total financing volume of EUR400 million.

The mainly residential real property portfolio owned by Adler Group is located throughout Germany with approximately 9,500 rental units and with a lettable area of approximately 589,000 square meters.

Adler Group was established in 2020 by the merger of ADLER Real Estate AG and ADO Properties S.A. and is one of the largest listed real estate companies in Germany.

LBBW is the largest German Landesbank and a leading provider of financing solutions for companies in the real estate industry.

The DLA Piper team was led by partner Frank Schwem and comprised of counsel Sven Seibold, senior associate Tony Sparing and transaction lawyer Dr Zsuzsanna.Somogyi-Csizmazia (all Finance & Projects, Frankfurt).