Paul Hastings LLP, a leading global law firm, announced today that it represented Hatfield Philips International Limited on the sale of the so-called Margaux portfolio out of the Titan Europe CMBS-securitization for a purchase price of €268 million. Hatfield Philips International Limited acts as special servicer on the Titan Europe CMBS loan. IN-WEST Partners GmbH managed the purchase and also co-invested alongside the purchasing institutional investors. The portfolio comprises of ca. 8,500 residential units mainly located in Berlin, Dusseldorf, Neuss, Leipzig, Halle und Gotha.
Completion of the sale of the Margaux Portfolio Properties is expected to occur at the end of 2014.
Hatfield Philips International Limited is one of Europe’s largest provider of loan services to financial institutions’ loan portfolios and securitized pools of commercial mortgage loans.
The Paul Hastings team was led by Frankfurt finance partner Edouard Lange and included London finance partners Charles Roberts and Miles Flynn, Frankfurt corporate partner Jan Gernoth, tax advisor Uwe Halbig and associates Matthias Scieranski, Finn Lubberich and Roland Arlt (all Frankfurt).
