Osborne Clarke has advised London-based private equity firm Zetland Capital Partners and MBS Invest, an asset and investment company specialising in real estate, on the financing of residential development projects by Hamburg Commercial Bank. 

There are four real estate projects in Berlin overall that HCOB is supporting with a total of EUR 48.5 million. Residential buildings are to be constructed on three plots in the districts of Wilmersdorf, Lichtenberg and Treptow; on the fourth – also in Berlin-Wilmersdorf – the companies plan to convert an existing hotel into a residential complex with commercial space. In total, around 200 new residential units are to be built by the end of 2024. Zetland and MBS are working together on the projects as minority shareholders.

The German capital Berlin is one of the most attractive cities in Europe, making it an excellent location to invest in real estate.

Ahmed Hamdani, Founder and Managing Partner of Zetland

“The residential portfolio, with its prominent and central locations within Berlin and the strong ESG record envisaged, will positively contribute to the city's quality housing creation,” adds Gil Bar, Managing Partner of MBS.

Zetland and MBS were advised by Heiko Petzold (real estate law and financing) and Maria Bibik (real estate law).Arendt & Medernach advised on Luxembourg law issues.

Follow
Corporate communications and press contacts

If you are a journalist and would like comment or background from our legal experts, we can help. Our team will put you in touch with the best person. View a full list of our international press contacts by jurisdiction here.

Connect with one of our experts