Noerr advises DEMIRE management board during restructuring of corporate bond on issues of reorganisation law

A Noerr team led by Thomas Hoffmann has advised the management board of DEMIRE Deutsche Mittelstand Real Estate AG (“DEMIRE”) during the restructuring of the listed bond 2019/2024 on issues of reorganisation law. The bond was issued in 2019 for a value of €600 million with maturity in 2024. However, given the market development in the real estate sector, full repayment of the bond at the end of 2024 was not possible.

Advisors to the management board of DEMIRE Deutsche Mittelstand Real Estate AG: Noerr

Team lead: Thomas Hoffmann (partner, Restructuring, Berlin/Frankfurt)

Restructuring: Nicholas Palenker (senior associate, Berlin), Sabrina Lux (senior associate, Frankfurt), Marcus Braun (associate, Berlin), Maik Grunenberg (associate, Frankfurt)