Goodwin advised GreenOak Real Estate on the acquisition of a logistics portfolio in Germany by way of a share deal. GreenOak completes the acquisition through a joint venture with an international investor. Financial terms of the transaction were not disclosed.
The portfolio comprises three logistics centers in North Rhine-Westphalia, Bavaria and Rhineland-Palatinate, Germany. The property in Löhne, Westphalia, comprises three interconnected buildings with a warehouse area of approx. 100,000 sqm and 7,000 sqm of office space. The centre in Niederaichbach near Munich has a total rental area of 98,540 sqm. The logistics centre Interpark 37 in Offenbach/Queich covers 135,000 sqm.
GreenOak Real Estate is a partner-owned, real estate investment management and advisory firm, founded in 2010. The company operates a highly focused, global investment platform, pursuing independent, discrete strategies in the United States, Europe and Asia.
The Goodwin team was led by partners Peter Junghänel, David Evans, Alexandrine Armstrong-Cerfontaine, Stephan Kock, Paul Lyons, and Heiko Penndorf, counsel Andreas Mallin and Felix Krueger and included associates Catharina Englert, Gleb Lidman, Felix Weber, Adnan Bhaijil, Kira Müller, Friederike Hellmann, Helena Velimirovic, Raymond Fang, Oana Millich, Isabelle Bertels, Olivier Bishop, Jennifer Beaulieu, Diane Carolus, and Christine Heinz.