Presse Release on 5 October 2016

Munich, 5 October 2016 – French real estate investor Primonial REIM have acquired a large healthcare portfolio consisting of 68 nursing home assets in total. The portfolio includes approx. 8,600 beds, which are located all over Germany. The portfolio also contains several “multi-tenant” assets. By completing this transaction Primonial now holds more than 10 billion of real estate assets under management, 3 billion thereof being healthcare assets.

LPA regularly advises Primonial in France and Germany and has therefore been mandated for this complex transaction. LPA can rely on the experience from a wide range of transactions involving French purchasers and its close cooperation with and the expertise of LPA’s Paris office.

During the due diligence and in relation to cartel law LPA has been supported by its Broadlaw partner firm GSK Stockmann + Kollegen. Once again the close relationship between law firms of the Broadlaw group has lead to a successful cooperation. Regarding aspects of Luxembourg law, Clément & Avocats have again been mandated.

Involved Advisors:

LPA Munich: Dr. Fabian Tross (Lead Advisor), Dr. Bernd Spieth (Corporate, Tax), Andreas Feuerstein (Finance), Marcel Graf, Victoria Zilliken, Loreen Werner, Katarina Krekovic, Lara Luxenhofer (Real Estate), Gerhard Köglmeier, Sebastian Schneider (Corporate), Dr. Stefanie Riebel (Public Law),

LPA Paris: François-Regis Fabre-Falret, Silke Nadolni, Chloé Thieblemont

GSK Stockmann + Kollegen: Dr. Olaf Schmechel, Dr. Philip Huperz, Christoph Kirsch, Dr. Jan Henning, Dr. Nicola Wiesinger (Real Estate), Wolfgang Jegodka (Cartel Law)

Clément & Avocats: Christophe Clément, Ted Fischer

Contact: