4 November 2025
Clifford Chance advises Aareal on its first synthetic SRT securitisation of commercial real estate loans with a total volume of €2 billion
Advising firms
Deal team
6 lawyers named| Lawyer | Firm | Seniority | Practice | Office |
|---|---|---|---|---|
| Kerstin Schaepersmann Lead | Clifford Chance | Counsel | Global Financial Markets | Frankfurt |
| Oliver Kronat | Clifford Chance | Partner | Global Financial Markets | Frankfurt |
| Antonia Walter | Clifford Chance | Senior associate | Global Financial Markets | Frankfurt |
| Moje Salzmann | Clifford Chance | Senior associate | Global Financial Markets | Frankfurt |
| Olaf Mertgen | Clifford Chance | Partner | Tax | Frankfurt |
| Steffen Waadt | Clifford Chance | Counsel | Tax | Frankfurt |
Stated terms
- Stated value
- EUR 2bn (€2 billion)
- What the figure measures
- Total transaction value
- Client
- Aareal Bank AGIssuer
- Counterparties
- insurers (Other)
asset manager (Investor)