09 04 2016

Deutsche Pfandbriefbank and Deutsche Hypothekenbank AG (Deutsche Hypo) jointly finance the “Marieninsel” development project in Frankfurt/Main

Mourant Ozannes has advised pbb Deutsche Pfandbriefbank and Deutsche Hypothekenbank AG (Deutsche Hypo) as joint lenders to project companies of Perella Weinberg Real Estate Fund II LP (advised by PW Real Assets LLP) on Jersey law matters relating to the landmark development of the Marieninsel project in the heart of Frankfurt, Germany.


Pecan Development Gmbh was mandated developer for the entire project. The financing is valued at approximately €267 million and the development will create over 56,000 square metres of office space in the centre of the Frankfurt banking district. With the planned construction of two high-rise buildings, the “Marieninsel” project is currently one of the most attractive developments in Frankfurt’s city centre. The larger of the two is the “Marienturm” tower, which will occupy a site on Frankfurt’s Taunusanlage, right within the central business district. The 38-storey building will be 155 metres high and have a rental space of 44,900 m². The adjoining 10-storey “Marienforum”, on Mainzer Landstrasse, will be approx. 40 metres high and have a rental space of 11,700 m². Mourant Ozannes partner Mark Chambers (Picture) led the Jersey legal team, assisted by associate Leo Cavendish. Involved fees earner: Mark Chambers - Mourant Ozanne; Leo Cavendish - Mourant Ozanne;

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