Hengeler Mueller advises GAGFAH on Refinancing of WOBA Dresden

21. February 2013

Hengeler Mueller advised WOBA Dresden, a GAGFAH Group entity, on the refinancing of a residential real estate loan securitized in the Windermere IX and DECO 14 conduits. The new loan, arranged by Bank of America Merrill Lynch, has a term of 5 years und a volume of more than EUR 1 bn. The transaction marks the first single loan provided to a housing association in an amount exceeding the one billion threshold since the outbreak of the financial crisis.

The Hengeler Mueller team included partners Daniel Kress (Real Estate/Financing, London), Kai-Steffen Scholz (Corporate, Berlin), counsel Peter Dampf (Financing, Frankfurt) as well as the associates Ulf Schauenburg, Zahra Rahvar and Carsten Hohmann (all London).