Stefan Kuhm

Stefan Kuhm

Counsel

Stefan has advised in domestic and cross-border real estate financings for 20 years and is a recognized practitioner in this area.

His practice area covers traditional real estate related financing instruments like loans secured on real estate.

In addition, Stefan’s expertise includes innovative financing elements, in particular real estate project/development finance, real estate structured finance and MBS (Mortgage-Backed Securities) originations and securitisations.

A further focus of Stefan’s practice are cross-border restructurings and (in-and-out-of insolvency) work-outs of German real estate financings.

Experience

Representative matters

Landesbank Baden-Württemberg on the EUR 1.1bn financing of the Potsdamer Platz building ensemble in Berlin.

A consortium of three globally operating investment banks as mandated lead arrangers on the ca. EUR 3bn acquisition financing of a large office portfolio for a global private equity investor.

A consortium of three globally operating investment banks as mandated lead arrangers on the ca. EUR 2.1bn acquisition financing of a large office portfolio for a global private equity investor.

Vonovia SE, Germany’s largest residential housing company and DAX listed entity, in connection with several secured financings with Landesbank Baden-Württemberg, pbb Deutsche Pfandbriefbank AG, Commerzbank AG, Berlin Hyp AG, Berliner Sparkasse, Bayerische Landesbank, UniCredit Bank AG, Ärzteversorgung Westfalen-Lippe and Norddeutsche Landesbank in an aggregate amount of more than EUR 3.6bn.

Société Générale S.A. as arranger of three loan facilities granted in connection with the market entry and expansion of a global private equity investor into the German residential housing market in an aggregate amount of EUR 1.192bn.

A multinational financial institution as arranger of the EUR 186 Mio. financing of 29 ACCOR Hotels in Germany owned by a global private equity investor.

A multinational financial institution as arranger of the EUR 146 Mio. financing of a five star hotel in Berlin owned by a global private equity investor.

A globally operating investment bank as arranger of the EUR 97.3 Mio. financing of a five star hotel in Berlin owned by a global private equity investor.

Aareal Bank AG as arranger of four separate credit facilities in a total amount of ca. EUR 700 Mio and GBP 70 Mio. for a globally operating logistic investor in respect of several logistic portfolios located in Germany, France, Poland, The Netherlands and United Kingdom.

Deutsche Annington Immobilien Group, one of Germany's leading residential property companies, on the rescheduling of the EUR4.3bn German multi-family CMBS. This was one of the largest European real estate finance and CMBS refinancings since the financial crisis and involved a cross-border team from our German and UK offices.

Société Générale S.A. as arranger of the restatement of a large volume financing into two new senior/mezzanine and one senior financing in the aggregate amount of EUR 815 Mio. in respect of a residential portfolio owned by a global private equity investor.

A group of financial institutions as arrangers in connection with the restructuring of the EUR 320 Mio. financing of an office tower in Frankfurt a.M. owned by a global private equity investor.

CPPIB Credit Investments Inc. as arranger in connection with the restructuring of an EUR 319 Mio. financing for an office building located in Cologne owned by German based institutional investors.

Speaking Engagements

  • Lecturer at the real estate LL.M. programme at the Westfälische Wilhelms-Universität Münster on real estate finance, January 2024
Recognition
One of the Top 10 Influential Real Estate Finance Lawyers Shaping Germany’s Landscape in 2023
Business Today Lawyers Awards 2023
Stefan Kuhm is a tough negotiator
Chambers Europe 2023

Qualifications

Admissions

Rechtsassessor, in Frankfurt a.M., Germany, 2001

Admitted as German Rechtsanwalt in Frankfurt a.M., Germany, 2001

Admitted as Examiner for the Second State-Exam in Baden-Württemberg, Germany, 2016

Admitted as German deputy notary, in Frankfurt a.M., Germany, 2023

Academic

LL.M., Banking & Finance, Queen Mary University of London, UK, 2003

Second German Law Degree, Baden-Württemberg, Germany 2001

First German Law Degree, University of Tübingen, 1999

Languages

English, German
Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.