Hengeler Mueller advises PWREF II on acquisition and financing of “Marieninsel” in Frankfurt

22. March 2016

Perella Weinberg Real Estate Fund II LP (“PWREF II”) has acquired the Frankfurt “Marieninsel” project and has recently been granted a syndicated loan by pbb Deutsche Pfandbriefbank (“pbb”) and Deutsche Hypothekenbank (Actien-Gesellschaft) (“Deutsche Hypo”) of approximately EUR 267 m. The loan agreement was signed at the end of February 2016.

With the planned construction of two high-rise buildings, high-quality office premises will be developed on the “Marieninsel” site in Frankfurt’s city centre. The larger of the two is the “Marienturm” tower which will occupy a site on Frankfurt’s Taunusanlage, right within the central business district. The 38-storey building will be 155 metres high and have a rental space of 44,900 square metres. The adjoining 10-storey “Marienforum”, on Mainzer Landstrasse will be approximately 40 metres high and have a rental space of 11,700 square metres.

Hengeler Mueller advised PWREF II on the acquisition and the financing of the “Marieninsel” project. The Hengeler Mueller Financing team included partner Martin Geiger (London/Frankfurt) as well as associates Daniela Böning and Henning Hilke (both Frankfurt). Thomas Müller (Real Estate/M&A, Frankfurt) advised on the acquisition.