Mayer Brown advises Universal-Investment on acquisition of a 12 properties retail portfolio
11 March 2015
Leading global law firm Mayer Brown advised Universal-Investment-Gesellschaft mbH on the acquisition of a portfolio with twelve retail properties for a special fund. Netto Marken-Discount is anchor tenant of these properties which have a gross lettable area of around 13,100 sqm and were sold by entities belonging to Marktkauf Holding GmbH, a company of EDEKA group. The properties are located in Germany with a focus on Bavaria and the southern part of eastern Germany.
Universal-Investment´s imposed special fund invests in inner-city office and retail properties in Germany. Universal-Investment will take over fund administration and GPEP will be responsible for the portfolio, property and asset management.
The Mayer Brown team included partner Dr. Joachim Modlich (lead), Dr. Jürgen Streng (both Real Estate, Düsseldorf), Dr. Ingo Kleutgens as well as senior associate Cornelia Wiendl (both Tax, Frankfurt).