The debt restructuring included, among other aspects:

  • an amendment, extension and partial buyback of Demire’s corporate bond, which is currently trading on the Luxembourg Stock Exchange;
  • new funding by the majority shareholder; and
  • a Luxembourg and Swiss collateral package with the set-up of a double LuxCo structure.

The amendment and extension until the end of 2027 was approved by the majority of bondholders through a consent solicitation process without any dissenting votes.

Our team worked closely on the transaction with Hengeler Mueller, who ensured the overall coordination of the transaction and assistance on German law aspects for the ad-hoc group of bondholders.

DEMIRE Deutsche Mittelstand Real Estate AG acquires, holds and leases commercial real estate in medium-sized cities and up-and-coming regions across Germany with a focus on office properties.