Royal BAM Group

A public-private partnership (PPP) can only succeed through long, close cooperation between all the parties. When we won the deal to provide debt facilities for the construction of a new parliament in Potsdam, it was the culmination of a three-year Europe-wide public bid procedure by a hand-picked cross-discipline team, working as a true partner with the client.

 

 

The prestigious project involves rebuilding the winter residence of the Kings of Prussia into a 15,000-m² parliament for the federal German state of Brandenburg. Aided by a selected team of lawyers and engineers, our Frankfurt-based Infrastructure and Renewables team pitched together with BAM PPP Deutschland GmbH and the German construction arm of key client Royal BAM Group, which will build and operate the parliament. We acted as Mandated Lead Arranger and joint book runner in a club deal with fellow banks BayernLB and KfW-IPEX.

 

“This once-in-a-lifetime chance to rebuild a historic palace could not have been achieved without excellent teamwork.

NIBC were supportive and made a significant contribution in a challenging environment to the success of the project by the expertise and experience of the people involved,” says Ralf Nagengast, Managing Director of BAM PPP Deutschland GmbH.

 

The palace-to-parliament venture was the most prominent German PPP accommodation project of 2009 and includes the design, construction, financing, maintenance and operation of the new building. The parliament will be developed on the foundations of the old palace, which was heavily damaged in 1945 and demolished by former East German authorities in the 1960s.