International law firm Bird & Bird has advised the London branch of Bank Hapoalim, a leading Israeli banking group, on its EUR 75 million financing for the Mark Hotels Group, an investment group with a portfolio of hotels throughout Europe.
The loan facilities were granted to re-finance existing facilities secured against six hotels in Germany and to provide working capital.
Real estate partners Jonathan Baker (London) and Dirk Barcaba (Frankfurt) led the Bird & Bird team, assisted by associates Jörg Brackmann and Philipp Leisten (Frankfurt).
Michaela Mordoch, Head of UK Corporate Business, and Sandra Bowen, Head of UK Business Administration, handled the transaction on behalf of the Bank.
Bird & Bird’s International Real Estate Group comprises over 80 lawyers across its international offices, all of whom are experienced in all aspects of international real estate investment, development and finance transactions.