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Press Release

Fieldfisher advises Mount Street on refinancing of self storage portfolio

18/05/2021

Locations

Germany

Fieldfisher's Frankfurt team, led by partner Andreas Mallin, has advised Irish credit services company Mount Street on the refinancing of a German self storage portfolio owned by Dutch subsidiaries of Lagerbo.

In the cross-border transaction, Mount Street acted as agent. Invesco Real Estate provided the financing through the purchase of bearer bonds issued by the Lagerbox subsidiaries up to an amount of approximately EUR 45 million.

Founded in 2013, Mount Street is one of the leading providers of solutions for the investment industry, offering facility/security agent services in addition to outsourced loan administration, portfolio management and investment management services. 

Invesco Real Estate is a global leader in the real estate investment management industry with €68 billion in assets under management and 21 regional offices across the U.S., Europe and Asia (December 31, 2020). The firm’s 24-strong global debt team have over 16 years’ sector experience and are responsible for a loan origination volume over €7bn.

Lagerbox invests in self-storage solutions across Germany and is a proven market leader in this asset class.

Andreas Mallin led the cross-location Fieldfisher team comprising RĂ¼diger Litten (both Frankfurt), Marinus de Waal (Amsterdam), Jayne Backet (London) and Paddy Smyth (Dublin). Fieldfisher provided legal advice on financing and regulatory matters.
 

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