23 November 2015
Mayer Brown announced today that it advised Universal-Investment-Gesellschaft mbH, represented by its asset manager GPEP GmbH, on the acquisition of another portfolio with 14 retail properties and three individual properties for a special fund. Netto Marken-Discount is anchor tenant of these 15 properties which have a gross lettable area of around 20,360 sqm and were sold by Marktkauf Holding GmbH, a company of EDEKA group. The properties are located in Germany with a focus on Bavaria, Lower Saxony and Saxony.
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.
Mayer Brown already advised GPEP and Universal-Investment on the acquisition of a 12 properties Netto retail portfolio (see news release
) as well as on the acquisition of a 10 properties Lidl retail portfolio (see news release
The Mayer Brown team included partner Dr. Joachim Modlich (lead), counsel Dr. Jürgen Streng, senior associate Anja Giesen and associate Sabine Krause (all Real Estate, Düsseldorf).