Press Release on 4 June 2015
Munich, 4 June 2015 – LPA has advised an international real estate investor in acquiring a German retail portfolio consisting of 16 retail properties by way of an asset deal. The seller is a foreign family office. The volume of the transaction is in the double digit million Euro range. The actual purchase price will not be disclosed due to confidentiality agreed between the parties.
The portfolio consists of 32,000 sqm lettable area in total with properties in prime locations in small and medium sized cities throughout Germany. In addition to retail space the majority of the purchased properties include residential space. The main property of the portfolio is a shopping mall in Northern Germany with a total lettable area of 15,000 sqm.
This is the first time LPA advised the buyer which has led to additional projects currently in Progress.
LPA Munich: Dr. Bernd Spieth (Partner, lead advisor, Real Estate), Julia Hügelschäffer (Associate, Real Estate), Marcel Graf (Associate, Real Estate)
RWP Rechtsanwälte, Düsseldorf
|LPA Rechtsanwälte Steuerberater|
|Dr. Bernd Spieth|
|Weißenburger Straße 10|
|phone: +49 (89) 242072555|