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lobal law firm White & Case LLP has advised Landesbank Baden-Württemberg (LBBW) on its strategic realignment in commercial real estate finance. Following the acquisition of Berlin Hyp in 2022, LBBW has now integrated all of Berlin Hyp's real estate finance activities under the German Transformation Act.
As a result, LBBW has become one of Europe's leading players in commercial real estate financing with a portfolio of around €63 billion. The new entity operates as an independent organization within LBBW and will continue to serve existing clients while expanding its presence in key European markets.
White & Case advised LBBW on corporate, regulatory, employment, capital markets, real estate, and banking law aspects of the transaction. A team led by partners Alexander Kiefner and Henning Berger worked closely with local counsel to ensure a seamless integration process.
The new entity has established branches in France and the Netherlands, as well as a representative office in Poland, to continue Berlin Hyp's business in those countries. LBBW has also taken on all of Berlin Hyp's relationships involving creditor or debtor positions, replacing Berlin Hyp as an issuer and merging its public and mortgage cover registers.
The White & Case team consisted of over 50 lawyers from various offices across Europe, including Frankfurt, Berlin, London, Luxembourg, Brussels, Paris, Prague, Warsaw, New York, and others.
