Goodwin advised Edmond de Rothschild Real Estate Debt I S.à r.l. (“EdR”) as the original lender on an acquisition loan to Dunman Q Frankfurt S.à r.l. (“Borrower”), a subsidiary of a joint venture between a fund managed by Tikehau Capital and Dunman Capital Partners.
The senior secured whole loan financing supported the Borrower’s acquisition of “The Q Frankfurt,” a value-add property located in Frankfurt’s city center with a net lettable area of approximately 6,500 sqm. The property will be converted from an office space into serviced apartments. The facilities agreement also includes a separate capex facility to fund the debt portion of the conversion costs.
The Goodwin team was led by partner Jochen Schnepper and included associates Kira Müller, Timo Baumann, and Florian Kolod ( Real Estate Finance, Frankfurt/Munich), as well as partner Moritz Vettermann and associate Hanna Kaufhold ( Real Estate Transactions, Frankfurt), and partner Felix Krüger (Tax, Frankfurt).