Press Release
June 19, 2017

Gramercy Europe Acquires Majority Interest in Logistics Portfolio Clydesdale

Goodwin’s Frankfurt and London Real Estate team advised Gramercy Property Europe (Gramercy Europe) on its acquisition of a 94.9 percent interest in the German / French Clydesdale portfolio, a logistics warehouse portfolio with assets in Germany and France from Goodman Europe Development Trust. Goodwin also advised in relation to the refinancing of the German portfolio. The loan, amounting to approximately €130 million was provided by DekaBank Deutsche Girozentrale. The highly complex cross-border deal involved Luxembourg, German and French law elements with parties from Australia, the U.S., the UK, Luxembourg, Germany and France.

Gramercy Europe is a leading real estate investment fund manager focused on sale-leaseback transactions and single-tenant net leased property throughout Europe.

The Goodwin team was led by partner Peter Junghänel and included partner Stephan Kock; associate Catharina Englert and transaction executive Dimitar Morfov in Frankfurt, with assistance from partners James Spence and Paul Lyons in London.