Bryan Cave Leighton Paisner (BCLP) advised on the completion of a three-figure million mezzanine loan to finance the development of the T1 tower. The landmark high-rise office building will be constructed in central Frankfurt by Groß & Partner Grundstücksentwicklungsgesellschaft mbH (Groß & Partner).
Scheduled for completion in 2024, the T1 is part of the larger “FOUR” project set to transform the central banking district site into a lively urban, mixed-use precinct. The 228-metre tower, the tallest of four in the development and one of the tallest towers in Frankfurt, will comprise 55 floors and almost 75,000 square metres of mixed-use office, retail and amenity space including restaurants, a gym, a kindergarten as well as provision for bicycles and car parking.
Dr Thomas Prüm who led the BCLP team on the transaction said: “It has been a privilege to assist on this landmark transaction, which combines a variety of innovative features. We are proud of our work on innovative financing elements for such a landmark development. Project FOUR will be an important element of the new banking district in Frankfurt.”
The German Finance team of Bryan Cave Leighton Paisner has a strong focus on complex real estate financings and regularly advises on sophisticated financial solutions for large transactions. Focused on the funding of domestic and international real estate in all its forms, we act for the leading banks, financial institutions and borrowers.