Emma: Extension of the Aurora Portfolio's Financing Until 2030
Deal News | Mar 21, 2025 | Bryan Cave Leighton Paisner LLP

Bryan Cave Leighton Paisner LLP (BCLP) advised Landesbank Hessen-Thringen Girozentrale (Helaba) and Berlin Hyp AG on the early extension of the financing for the Emma portfolio, a substantial real estate holding of Aurelis Real Estate GmbH. The Emma portfolio, comprising 46 properties across nine federal states in Germany, including major cities such as Munich, Nuremberg, Rhine-Ruhr, and Stuttgart, spans diverse segments such as industrial, office, and logistics properties. The financing, initially set to expire at the end of 2026, has now been extended to November 2030, securing a mid-three-digit million euro amount in financing volume. Beiing a specialist in project development and asset management, Aurelis engages in developing and managing commercial properties, ensuring the portfolio's value grows over time. The refinancing provides significant financial planning security amid challenging market conditions, as noted by Dr. Jan Peter Annecke, Head of Real Estate Finance. Oliver Hecht, Head of Domestic Sales, Berlin Hyp, expressed trust and optimism for continued partnership with Aurelis. The legal team from BCLP was led by Partner Frank Schwem, supported by Counsel Tony Sparing, Associates Dr. Zsuzsanna Somogyi-Csizmazia, LL.M., Katerina Diamantopoulou, and Transactions Manager Romy Damm.
Sectors
- Real Estate
- Banking and Finance
- Legal Services
Geography
- Germany – The Emma portfolio is located in Germany, with properties spanning nine federal states, including key cities like Munich and Stuttgart.
Industry
- Real Estate – The article primarily concerns the real estate sector as it discusses the financing of a portfolio containing various property types such as logistics, industrial, and office properties.
- Banking and Finance – Involves banks and financial institutions like Helaba and Berlin Hyp AG, which are integral in providing financing solutions for real estate investments.
- Legal Services – International law firm Bryan Cave Leighton Paisner LLP (BCLP) provided legal advice, highlighting the involvement of the legal industry in the transaction.
Financials
- Mid-three-digit million euros – The financing volume of the extension for the Emma real estate portfolio.
Participants
Name | Role | Type | Description |
---|---|---|---|
Bryan Cave Leighton Paisner LLP | Legal Advisor | Company | An international law firm advising on the financing extension for the Emma portfolio. |
Landesbank Hessen-Thringen Girozentrale (Helaba) | Financier | Company | A financial institution providing the financing extension for the real estate portfolio. |
Berlin Hyp AG | Financier | Company | Another financial institution participating in the financing extension for the real estate portfolio. |
Aurelis Real Estate GmbH | Target Company | Company | A real estate specialist dealing in project development and asset management, owner of the Emma portfolio. |
Dr. Jan Peter Annecke | Head of Real Estate Finance | Person | Involved in the financing extension process for the Emma portfolio. |
Oliver Hecht | Head of Domestic Sales, Berlin Hyp | Person | Involved in the transaction with Aurelis, expressing optimism for future cooperation. |