GSK Stockmann advised Song Capital on the refinancing of a portfolio of German rehabilitation clinics, operated by MEDIAN, the largest operator of rehabilitation hospitals in Germany.
The 10-year €702.5 million facility was provided to a joint venture between the US-American investment trust Medical Properties Trust , Inc. and the European investment and asset manager Praemia REIM. European real estate investment company Song Capital provided the financing with support from a consortium of global institutional insurance investors.
GSK Stockmann provided legal advice on German and Luxembourg law aspects, including real estate due diligence, tax, finance and security structuring. The team was led by Stefan Koser (Finance), supported by partners Andreas Heinzmann (Finance), Dr Olaf Schmechel (Real Estate), Dr Petra Eckl (Tax), Sascha Zentnis (Real Estate), Dr Timo Bernau (Banking), Mathilde Ostertag (Tax), Felix Bergfort (Real Estate), Dominik Berka (Tax), Dr. Mechtild-Maria Siebke (Finance) and Kristina Marx (Public Law) as well as counsels Çağlayan Birkan (Real Estate) and Hawa Mahamoud (Finance) and senior associate Marie Bogutzki (Finance), Katharina Schramm (Finance), Karolin Streser (Real Estate), Leonie Becker (Public Law), Dr. Martin Freytag (Banking), Marc Nostitz (Tax) and Nikolay Terziev (Tax) and associates Louisa Hecker (Finance), Beatrice Dörr (Finance), Yasmin Eskiocak (Public Law), Dr. Patrick Hoffmann (Public Law), Franziska Jimenez (Public Law), Dr. Anna Charlotte Kümpers (Public Law), Dr. Christine Hübner-Toman (Public Law), Leonie Lindenbuß (Public Law), Eva Jean (Finance) and Nora Weiß (Real Estate).
Slaughter and May advised Song Capital as lead counsel and on English law aspects of the transaction.
