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14.09.2015

GSK advises the Multiplex European Property Fund managed by Brookfield on the sale of a retail asset portfolio

GSK Stockmann + Kollegen advised the Multiplex European Property Fund on the sale of a retail asset portfolio comprising 61 properties to Marathon Asset Management. The Multiplex European Property Fund is managed by Brookfield Capital Management and listed on the Australian Securities Ex-change (ASX).

The portfolio comprises 61 properties spread across Germany and mainly consists of retail properties, DIY-stores as well as two logistic properties. The purchase price amounts to EUR 168,000.00. The properties were part of the so-called Monti Portfolio which has now been fully sold. GSK Stockmann + Kollegen had already advised on the sale of 5 nursing homes from the Monti Portfolio to the special fund Patrizia Pflege-Invest Deutschland I as well as on the sale of one nursing home to a private investor.

GSK Stockmann + Kollegen comprehensively advised the vendor in connection with the legal structuring of the sale, the execution of a vendor due diligence, assisted during the bidding procedure and negotiated the sales and purchase agreement. Besides, GSK advises on the settlement of the fund structure under corporate law.


Legal advisor to Brookfield / Multiplex Property Fund:
GSK Stockmann + Kollegen: Dr. Olaf Schmechel (Lead, Real Estate), Dr. Gösta Christian Makowski, Christian Hausdorf, Andrea Hunger (all Real Estate), Dr. Rainer Stockmann, Dr. Markus Söhnchen, Florian Kossmann (all Corporate).

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Dr. Olaf Schmechel