64 Investments
Debt Advisory
Debt Advisory and Capital Markets
Track record for loan advisory work since 2016.
Euro 105m – Project Stella (Mixed office in Germany) Deal:
Transaction Overview:
Group of core-plus office properties located in Western Germany with some capex backlog.
Challenge:
Pre-existing loan of Euro 100m plus had to be restructured to meet banks’ requirement post change of control.
Solution:
64 Investments proposed a new business plan to the bank, showing lower and more stable vacancy rates due to the stronger rental markets..
Euro 700m – Project Vanuatu Deal:
Transaction Overview:
The rating and issuance of unsecured bond for Euro 4.2bn portfolio company with assets in the UK and Germany.
Challenge:
Portfolio and company had just been assembled from separate properties and companies under overlapping ownership.
Solution:
64 Investments supported management team with analysis of the UK and German real estate market and provided key research data input.
Euro 565m – Project Fürst (Mixed-Use Development in Berlin Property:
Transaction Overview:
Portfolio of 10,000 residential units located in Germany with 20% vacancy and structural difficulties.
Challenge:
Restructure Euro 240m of secured private Bonds (Schuldscheine) to free up cash for capex and allow for change of control.
Solution:
Working closely with existing management, 64 Investments devised a structure for a comprehensive re-gearing of the existing loan package while creating exit flexibility.
