Baker & McKenzie Advised WTF Holdings (Switzerland) LTD on Real
Estate Aspects of € 699 Million Securitization
Zurich, June 18, 2003 – Baker & McKenzie announced today
that it advised WTF Holdings (Switzerland) Ltd. ("WTF Holdings"),
a joint venture of Lehman Brothers Real Estate Partners and PSP
Swiss Property AG, on the real estate aspects of the € 699
million Eiger Trust Securitization, a multi-tranche CMBS benchmark
issue for WTF Holdings. The transaction is the first ever CMBS transaction
in Switzerland, introducing CMBS as a viable financing tool to the
Swiss Market.
The Eiger Trust issuance is backed by 112 commercial property assets,
which are located throughout Switzerland and are generally used
as office space, industrial or storage space.
WTF Holdings was formed as a joint venture between Lehman Brothers
Real Estate Partners and PSP Swiss Property AG to acquire one of
two commercial mixed use property portfolios being sold by Swisscom
AG. The Baker & McKenzie lawyers advising on this transaction
were Zurich partners Martin Furrer and Markus Affentranger.
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