Düsseldorf—Global law firm Dentons has advised HanseMerkur Grundvermögen AG on the loan to GERCHGROUP to finance the purchase and initial development of the Laurenz Carré real estate project in Cologne.

GERCHGROUP’s Laurenz Carré is a sustainable urban city quarter in the center of Cologne. The project comprises two sub-projects with a total gross floor area of approximately 26,000 square meters, which will include a hotel, office space, and retail and gastronomy areas. The new building, which is part of the northern subproject, is located opposite Cologne Cathedral. GERCHGROUP is currently developing nine projects throughout Germany with a total value of approximately €3.5 billion. 

HanseMerkur Grundvermögen is an asset and investment manager specializing in the German real estate market and focusing on long-term real estate investment products and integrated real estate management. Currently, the company is responsible for real estate assets (including real estate financing) of approximately €5 billion.

A Dentons team from Düsseldorf, led by Banking and Finance partner Dr. Axel Schlieter and Real Estate partner David Zafra Carollo, advised HanseMerkur Grundvermögen on all aspects of the financing. 

The team’s other recent real estate financing deals include advising Hines on the financing of the development of the "KÖ37" building complex in Düsseldorf, and BerlinHyp on the financing of the "Campus am Kunstpalast" in Düsseldorf.

Advisors to HanseMerkur Grundvermögen AG:

Dentons (Düsseldorf/Munich): Dr. Axel Schlieter (Partner, Banking and Finance), David Zafra Carollo (Partner), Alexander Mühleisen (Counsel, both Real Estate), Julia Heitmann (Senior Associate, Banking and Finance), Dr. Tobias Bünten (Senior Associate, Corporate, all Düsseldorf), Shirin Piroth-Amiri (Associate, Banking and Finance, Munich)

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