Baker & McKenzie advised Seewarte on the sale of two logistics properties in Nuremberg and Kornwestheim.
The assets are logistics centers with commercial space of around 49,000 sqm and are let to the PANALPINA Welttransport (Deutschland) GmbH.
"Through the sale of these two logistics centers our client was able to successfully complete this portfolio transaction during the favorable market conditions in Germany at the moment and will now shift its focus on its core market in Switzerland," comments Dr. Florian Thamm, lead partner and chair of the EMEA Real Estate Group oft Baker & McKenzie.
The Seewarte Gruppe is a real estate investment company, focused on long-term, sustainable value preservation with a high-quality and diversified real estate portfolio. It consists largely of residential properties in the economic region of Zurich/Zug, office buildings and a shopping center. The Seewarte Gruppe is a subsidiary of non-profit Ernst Göhner Foundation from Switzerland.
Buyer is the financial investment management company TRIUVA, a leading provider and manager of structured real estate products for institutional investors, acting in this instance for the open domestic special AIF "IVG Garbe Logistik Funds".
The real estate group of Baker & McKenzie regularly advises investors on real estate transactions, most recently among others Peakside Capital on the acquisition of the premium asset of the 'Historic Telecommunications Office Schlüterstraße' in Hamburg as well as on the sale of Square 41 in Frankfurt and the Malaysian pension fund EPF (Employees Provident Fund) on its joint venture with the Dietz Group.
Baker & McKenzie team advising Seewarte Gruppe:
Real Estate: Dr. Florian Thamm (partner, Frankfurt)
Real Estate: Dr. Daniel Bork (associate, Dusseldorf)
Steuern: Dr. Christian Port (partner, Frankfurt)
Corporate: Dr. Michael Bartosch (partner, Munich), Dr. Alexander Fischer (partner, Zurich)