Noerr advises Bayerische Versorgungskammer on refinancing of Kaufhaus Tyrol GmbH

Noerr has advised public pension group Bayerische Versorgungskammer (BVK), acting as lender, on the full repayment and restructuring of Kaufhaus Tyrol GmbH’s loan obligations. The refinancing was carried out in connection with the sale of Kaufhaus Tyrol GmbH to a subsidiary of JC Luxemburg Holding SCSp, backed by an investor consortium led by Peek & Cloppenburg. Closing took place on 6 August 2025.

Kaufhaus Tyrol GmbH operates a leading inner‑city shopping centre in Innsbruck and was previously part of the SIGNA Group. BVK acts as the statutory representative for numerous Bavarian pension institutions, including the Bavarian Pensions Association (Bayerischer Versorgungsverband) and professional pension schemes for doctors, pharmacists, architects and other professions. The newly implemented structure provides planning certainty and facilitates an orderly exit from BVK’s previous loan commitment.

Noerr’s experienced restructuring and finance team, which in the past year has handled several complex SIGNA transactions for different lenders, delivered the advice. Close cooperation between Noerr’s practice groups enabled the development of robust solutions in a short timeframe, securing BVK’s position while allowing business flexibility.

This matter underlines the firm’s ability to provide institutional investors with tailored financing solutions in challenging market conditions and to protect their interests effectively.

Advisors to Bayerische Versorgungskammer: Noerr Partnerschaftsgesellschaft mbB

Andreas Naujoks (partner)
Dorian Legel (associated partner)
Kevin Brühl (senior associate)
Selena Nastvogel (associate, all Frankfurt)

Local counsel (Austria):
Fellner Wratzfeld & Partner Rechtsanwälte GmbH