DLA Piper has advised the Aareal Bank on providing EUR 360 million senior facility for Pradera European Retail Parks’ international retail property portfolio financing.
According to DLA Piper, the portfolio comprises 17 retail properties in Germany, France, and Poland with a total of over 400,000 square meters of lettable area.
Aareal Bank Group is a Wiesbaden-headquartered international property specialist, providing smart financings, software products, and digital solutions for the property sector and related industries.
Pradera is a retail real estate, asset, investment, and fund management specialist active in continental Europe, the UK, and China.
The DLA Piper team was led by Germany-based Partner Torsten Pokropp, and included the Czech Republic-based Partner Miroslav Dubovsky and Associates Marcel Janicek and Petr Varvarovsky, Poland-based Partners Mariusz Hyla and Michal Pietuszko, Counsel Bartlomiej Palusiak, Senior Associate Anna Jarczok, Associates Jaroslaw Spodar, Wojciech Sulimierski, and Maciej Rafalowski, Junior Associate Wojciech Sobieraj, and Paralegals Karol Danilczuk and Katarzyna Soszynska, as well as teams from Germany, Luxembourg, and UK.
Aareal Bank's in-house team included Katrin Schellberg, Aminata Omog, and Paulina Kotecka.