DLA Piper has advised Aviva Life & Pensions UK Limited (Aviva) on the financing by its annuity business of a regulated Dutch social housing company.
The financing was structured as German law registered bonds with a total amount of EUR65 million and is characterised by compliance of the issuer with the strict Dutch regulation of social housing companies. Tax and regulatory experience as well as the in-depth knowledge of the Dutch social housing laws was crucial to the success of the financing.
Aviva is a leading international financial services provider specialising in insurance, asset management and pension solutions. The social housing company is committed to affordable and high-quality housing. The company places a strong focus on social responsibility and sustainability.
The international DLA Piper team was led by partner Eike Neugebauer (Finance/Real Estate Finance, Frankfurt).
Also involved from Germany were partners Dr Marie-Theres Rämer (Tax), Fabian Mühlen (Real Estate), Dr Caroline Herkströter (Finance/Regulatory) and senior counsel Dr Ute Brunner-Reumann (Finance/Regulatory; all Frankfurt). In addition, from the DLA Piper office in Amsterdam partner Jean Paul Dresen (Tax), senior associates Benno Leemans, Cathelijn Frederiks (both Finance), Aline Kiers (Finance/Regulatory), junior associates Ilse Lagerweij (Tax), Sanne Steenhorst (Corporate/Finance) and legal director Stephanie Menz (Finance) advised on the financing.
