18 June 2024
press release
poland
Poland: Schoenherr advises ERGO in EUR 90m refinancing for Vantage Group
Schoenherr, acting as Polish counsel, advised ERGO Vorsorge Lebensversicherung AG and DKV Deutsche Krankenversicherung AG in providing EUR 90m to Vantage Group, part of TAG Immobilien, to refinance its rental housing portfolio in Poland. Ashurst provided counsel on the German law-governed loan agreement. The financing supports over 2,500 existing rental units and 1,200 units under construction, underlining Vantage's high market potential.
ERGO is a major insurance group in Germany and Europe. The group is represented in over 20 countries worldwide, focusing on core and growth markets in Europe and Asia. ERGO offers a comprehensive range of insurance, pension and investment products as well as services.
The Schoenherr team advising on the refinancing was led by partner Weronika Kapica, who was supported by associate Aleksandra Goławska. The real estate aspects of the project were handled by senior attorney at law Adam Nowosielski, associate Róża Szatan and associate Karolina Samocik.
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