Goodwin Frankfurt represented an internationally active Family Office in the sale of a portfolio of mainly residential properties with some commercial units to a Europan institutional investor for a total consideration of approximately EUR 175 million. The transaction was structured as a combined share/asset deal and closed on 30 September 2016. The underlying properties are located throughout Germany with a focus on Berlin, Hamburg and Northrhine-Westphalia.
The share deal involved the sale of overseas and Luxembourg companies. Goodwin advised on cross-border matters involving Germany, Luxembourg and overseas jurisdictions.
The Goodwin team advising the Family Office was led by Real Estate partner Peter Junghänel and associates Catharina Englert and Felix Krüger. The foreign lawyers used were Allen & Overy in Luxembourg and Conyers Dill & Pearman.
The European institutional investor was advised by Jung & Schleicher, Dr. Mathias Jung, Dr. Felix Krieglstein and Dr. Dominik Schneider and by Ogier in relation to Luxembourg and overseas law.