Advising Deutscher Studenten Wohn Bond on issuing a loan

Deutsche Real Estate Funds (DREF) via its subsidiary Deutscher Studenten Wohn Bond I S.A. issues a bond of EUR 44 million for the financing of student residential housing. Heuking Kühn Lüer Wojtek advised Deutscher Studenten Wohn Bond I S.A.

The loan has a term of five years and bears a coupon of 4.675 percent annually. IKB Deutsche Industriebank AG acts as bookrunner on the issue, joint lead managers are IKB and equinet bank AG. BankM acts as co-lead manager.

The proceeds from the issue will be used to acquire and renovate five student residential homes in four German university towns. The portfolio comprises the cities of Berlin, Bremen, Kiel, and Stuttgart. The residential homes were selected according to strict criteria. Apart from the building condition, the location, the number of students and the international ranking of the university are also taken into account. Some 1,000 students are expected to move into newly renovated residential units by the winter term of 2015.

The issuer is a fully owned subsidiary of Deutsche Real Estate Funds S.A. and part of a group headquartered in Luxemburg.

Responsible for the project
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead Capital Markets),
Christopher Görtz (both Capital Markets), both Cologne
Dr. Peter Zimmermann (Lead Real Estate),
Kathrin T. Fischer,
Martina Schaffer (all Real Estate), all Düsseldorf,
Dr. Stefan Jöster, LL.M. (Insurance Supervision Law), Cologne
Dr. Christoph F. Wetzler,
Dr. Till Naruisch, LL.M. (both Finance),
Klaus Weinand-Härer (Tax), all Frankfurt