Osborne Clarke in the Netherlands has advised Angelo Gordon and APF International on the refinancing of the Lowrise part of the Mediahuis complex. The financing was provided by Deutsche Bank AG, Amsterdam Branch.
The Lowrise property is part of the Mediahuis-complex, which was acquired entirely by Angelo Gordon and APF International in 2020. The Mediahuis property is located at a central point in Sloterdijk and has a high development potential. The Lowrise property is rented to its former owner Telegraaf Media Groep under a long term lease.
The proceeds of the Deutsche Bank loan will be used to partly refinance the acquisition costs.
The Osborne Clarke team was led by Head of Banking and Finance Axel van der Staak (Banking & Finance) and further consisted of Partner Cars-Jan van Gool (civil-law notary) and Junior Associate Marlinde Klein Ganseij (Banking & Finance).
Cushman and Wakefield's Maarten de Jong provided debt advisory advice to the borrower.