Hogan Lovells advises DEMIRE on corporate law and capital markets law aspects of its bond restructuring

Press releases | 14 November 2024

Global law firm Hogan Lovells, led by its Frankfurt based partner Prof. Dr. Michael Schlitt and Munich based counsel Dr. Sebastian Biller, advised Deutsche Mittelstand Real Estate (DEMIRE) AG on corporate law and capital markets law aspects regarding the comprehensive restructuring of its unsecured corporate bond in an original volume of EUR 600 million. The restructuring led to a prolongation of the term until 2027 and a reduction of the bond volume. The bond is listed at the Luxembourg stock exchange.

DEMIRE Deutsche Mittelstand Real Estate AG acquires and holds commercial properties in medium-sized cities and up-and-coming peripheral locations in metropolitan areas throughout Germany. The company's particular strength lies in realising real estate potential in these locations and focuses on an offering that is attractive to both international and regional tenants. As of 30 September 2024, DEMIRE had a real estate portfolio of 54 properties with a lettable area of around 0.6 million square metres. Taking into account the proportionately acquired Cielo property in Frankfurt/Main, the market value amounts to around EUR 1.0 billion.

Hogan Lovells regularly advises DEMIRE on corporate law and capital markets law, recently for example regarding the sale of LogPark Leipzig.

Hogan Lovells team for DEMIRE

Prof. Dr. Michael Schlitt (Partner), Dr. Sebastian Biller (Counsel, both lead), Dr. Susanne Ries, LL.M. (London) (Of Counsel) (Corporate and Capital Markets, Frankfurt);

Dr. Lutz Angerer (Partner), Thomas Weber (Counsel) (Corporate, Munich).

Inhouse DEMIRE: Dr. Felix Kampmann