K&L Gates Advises Deutsche Pfandbriefbank AG on Financing for Redevco's Acquisition of a Retail Park in Île-de-France

Global law firm K&L Gates advised Deutsche Pfandbriefbank AG (PBB) on a strategic financing transaction for Redevco, one of Europe’s leading retail real estate investors. Closed in September 2026, the financing supports Redevco’s acquisition of a retail park in Garges-lès-Gonesse (Val-d’Oise), in the Île-de-France region. The matter further reinforces the firm’s position as a leading legal advisor to major international lenders active in the French real estate market.

Publicly listed German bank, Deutsche Pfandbriefbank AG (PBB) is a leading specialist in commercial real estate financing across Europe. Renowned for its expertise in structured finance, PBB supports investors across key asset classes—including offices, logistics, residential, and retail, while maintaining a strong focus on sustainable, ESG-driven investment strategies.

The transaction involves a loan provided by PBB to Redevco to finance the acquisition of a retail park in Garges-lès-Gonesse, in the Île-de-France region. Beyond supporting a significant investment, the financing reflects PBB’s strategic commitment to expanding its presence in the retail park sector and the broader retail market, an asset class that continues to demonstrate resilience, stable performance, and strong alignment with evolving consumer needs.

K&L Gates advised PBB, as lender, on all finance and real estate aspects of the transaction. The team was led by Thomas Ehrecke, a partner in the Paris office, supported by associate Pauline Ducousso.

“We are pleased to support PBB once again and grateful for the continued confidence it has placed in our team,” Ehrecke said. “This transaction highlights both the enduring attractiveness of retail parks as a resilient investment class and the strength of our platform in delivering seamless legal support on sophisticated cross-border financings.”