Taylor Wessing's European Debt Finance Group advises HSH Nordbank on financing hat-trick

Taylor Wessing's European reach has been demonstrated in a trio of recently completed finance deals for HSH Nordbank AG of Germany. 

In all three deals a team from the European Debt Finance Group of Taylor Wessing acted.

• Taylor Wessing advised HSH Nordbank AG on a £27m loan facility, which was made available to an SPV subsidiary of German fund, Doric Asset Finance, to acquire its first UK property investment, a prestigious building in Newgate Street, London. 

HSH Nordbank AG was advised by Taylor Wessing's Rodney Dukes, Habib Ullah and Greer Campbell (finance, London), Mark Bennett (property, London) and Hauke Bornschein (finance, Hamburg).  Lovells advised the borrower.

• Taylor Wessing advised HSH Nordbank AG on a senior facility totalling £36m, which was made available to an SPV subsidiary of German fund Blue Capital to acquire two prestigious buildings in Fetter Lane, London, and Queen St, Edinburgh.

HSH Nordbank AG was advised by the same team from the Taylor Wessing European Debt Finance Group together with Kenneth Irons of McClure Naismith, who acted as Scottish counsel to the bank.  Nabarro Nathanson and McGrigors advised the borrower, and Luther Menold acted as German counsel for the borrowers.

• Taylor Wessing advised HSH Nordbank AG on £212m senior facility made available to an SPV subsidiary of German fund Bankhaus Woelbern, to purchase Woolgate Exchange. The German investment bank, West LB, currently occupies the building.

The Taylor Wessing team from the European Debt Finance Group who advised HSH Nordbank AG was Rodney Dukes, Akmal Ghauri, Habib Ullah and Max Remington-Hobbs (finance, London), Mark Bennett (property, London), Helen Garthwaite and Iain Murdoch (construction, London) and Hauke Bornschein (finance, Hamburg).

A team led by Andrew Barrow and Neil Murray of Travers Smith advised the borrower, while the vendors were advised by Olswang.