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26.05.2014

GSK advises Adler Real Estate AG on the acquisition of a majority shareholding in a residential property portfolio

GSK Stockmann + Kollegen comprehensively advised Adler Real Estate AG, Frankfurt/M., on the acquisition of a further majority shareholding in a residential property portfolio by means of a share deal.

The acquired portfolio comprises 7,721 apartments and approx. 490 commercial units nationwide with a total lease area of approx. 542,000 sqm. The properties are spread across almost all Federal States but focusing in Saxony, Saxony-Anhalt and North Rhine-Westphalia.

Since restructuring the company to a major residential portfolio company this transaction is currently the largest investment of ADLER Real Estate AG. After completion of this acquisition the real estate company will hold a portfolio comprising 18,000 units.

GSK Stockmann + Kollegen advised and negotiated the complex share purchase and transfer agreement as well as the entire financing of the Transaction.

Legal Advisors ADLER Real Estate AG:
GSK Stockmann + Kollegen: Max Wilmanns (Lead, Corporate/M&A, Hamburg), Dr. Andreas C. Peters (Corporate/M&A, Hamburg), Dr. Thilo Franke (Real Estate, Hamburg), Dr. Alma Franke (Finance, Munich), Dr. Dirk Koch (Tax, Stuttgart), Wolfgang Jegodka (Real Estate, Berlin), Felix Riethmüller (Real Estate, Hamburg), Anneke Focken (Corporate/M&A, Real Estate, Hamburg), Philipp Klingen (Real Estate, Frankfurt), Dr. Enno Stange (Real Estate, Berlin), Dr. Martin Moeser (Real Estate, Frankfurt).

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Max Wilmanns