Deutsche Bank AG Tokyo Branch closes financing for acquisition of Shinsei Bank headquarters building

Deutsche Bank AG Tokyo Branch (Deutsche Bank) today announced that it has closed an approximately 90 billion non-recourse financing to a TMK (tokutei mokuteki kaisya) for its acquisition of the headquarters building of Shinsei Bank, Limited (Shinsei Bank).

The non-recourse financing was provided to the TMK backed by a trust beneficiary certificate with the Shinsei Bank building as the underlying asset. The TMK, which acquired the 20-storey single Class A office building in one of Tokyo’s prime office districts, is a special purpose company, established and owned by a real estate fund managed by Morgan Stanley.

Deutsche Bank Group is developing a broad real estate investment banking business providing non-recourse financing, commercial mortgage backed securitisation, and other solutions through the Group’s operating companies, focused on liquidity in the real estate sector and on meeting client needs through the strengths of its financial platform and global resources.