Bank of America has arranged a new CMBS for the refinancing of the office and hotel property The Squaire at Frankfurt Airport. Taurus 2021-3 DEU issues bonds in six tranches in a total amount of EUR 473 million. It is the third CMBS to refinance Germany's biggest office building.
Hengeler Mueller advised Bank of America on the transaction. The team was led by partner Martin Geiger (Financing, London) and included partner Markus Ernst (Tax, Munich), counsel Axel Gehringer as well as associates Bernhard Quensel, Heike Kainer (all Financing, Frankfurt) and Verena Klosterkemper (Tax, Munich).