A team led by Dr. Thorsten Kuthe, partner of the commercial law fim of Heuking Kühn Lüer Wojtek, advised AK Immobilien Projektentwicklungs GmbH (AK Immobilien) on issuing the first bond on the mezzany.com Internet platform. The advice also comprised drafting a prospectus for the public offering of 3,000 bearer bonds at a maximum nominal total of EUR 3 million to finance the real estate property bell foundry Neukölln.
mezzany.com is a new platform for securities combining the traditional capital market with the strongly expanding FinTech market. On the platform, investors and the crowd can jointly access bond issues of young, expanding enterprises and large-scale projects. A part of all issues to be subscribed is exclusively reserved for crowd funding.
Issue proceeds from AK Immobilien's corporate bond will be used to acquire and prepare a property for construction in Berlin-Neukölln. In the future, the old bell foundry will make room for 74 modern residential units in Berlin's Neukölln section. The construction of two additional new buildings is also scheduled on the area of the former bell foundry.
Counsel to AK Immobilien Projektentwicklungs GmbH
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead), Cologne
Dr. Katja Plückelmann, Düsseldorf
Kristian Franz, Cologne
Miriam Schäfer (all Capital Markets), Düsseldorf