White & Case Advised LBBW On Major Realignment In Commercial Real Estate Finance

White & Case Advised LBBW on Major Realignment in Commercial Real Estate Finance

The global law firm White & Case LLP has advised Landesbank Baden-Württemberg (LBBW) on the realignment of its commercial real estate finance operations, marking a key milestone in the integration of Berlin Hyp following its acquisition in summer 2022.

Effective August 1, 2025, all Berlin Hyp’s real estate finance activities were transferred to LBBW under the German Transformation Act and combined with LBBW’s existing activities under the Berlin Hyp brand. With a financing portfolio of around €63 billion, the newly integrated entity now operates as an organizationally independent unit within LBBW, positioning it among Europe’s largest commercial real estate financiers.

Under the transaction, LBBW assumed all Berlin Hyp AG’s creditor and debtor relationships, replaced Berlin Hyp AG as issuer, and merged both banks’ public and mortgage cover registers. LBBW also expanded its footprint with new branches in France and the Netherlands, and a representative office in Poland to continue Berlin Hyp’s international business.

The White & Case team which advised on the transaction was led by partners Alexander Kiefner (Frankfurt) and Henning Berger (Berlin) and included partners Sebastian Stütze, Julia Sitter, Karsten Wöckener, Detlev Gabel (all Frankfurt), Lisa Seifman, Kristen DiLemmo, Jonathan Rogers (all London), Thomas Glauden (Luxembourg & Brussels), Olivier Pâris, Emilie Rogey (both Paris), Václav Kubr (Prague) and Carlo Meert (Brussels), local partners Frederic Wuensche, Peter Becker, Claire-Marie Mallad, Felix Biedermann and Mathias Bogusch (all Frankfurt), counsel Josef Große Honebrink (Frankfurt), Lachlan Low, Jane Bergin (both London), Glen Cuccinello (New York), Henri Bousseau (Paris), Malgorzata Pasnik and Klaudia Malczewska (both Warsaw) and associates David Schoo (Berlin), Maxim Arrazola de Onate, Sophia Fotso (both Brussels & Luxembourg), Aude Goffaux (Brussels), Martin Junker (Berlin & Frankfurt), Pia Berger (Frankfurt), Steph Lartey, Grace O'Connell, Onose Ogbebor, Anthony La Rosa, Matt Ross (all London), Thomas Rousset, Arvine Nooralian (both Luxembourg), Marovola Rasoanaivo, Etienne Branthomme, Mailis Pachebat, Gregoire Baudry (all Paris), Gabriela Blahoudkova, Kamila Dankova (both Prague), Mateusz Dyduch, Joanna Misztal-Dzitko and Radomir Szewczuk (all Warsaw).

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