Baker & McKenzie advised Corestate Capital Holding S.A. on the financing of the acquisition of up to 31 retail properties in 30 locations in Germany.
The transaction has a volume of over € 100 million euros. The acquisition, which includes a share deal and numerous asset deals was financed by Landesbank Hessen-Thüringen (Helaba). Baker & McKenzie advised on all legal aspects related to the structuring of the financing according to German and Luxembourg law.
"With this transaction, our client continues to expand its portfolio of managed retail properties successfully. Due to the complexity of the purchase process, the transaction was also very demanding with regard to the financing, "comments Filip Kurkowski, the lead partner at Baker & McKenzie.
CORESTATE Capital Holding SA is a real estate investment manager headquartered in Luxembourg which specializes on Core+, Value-Added and opportunistic real estate portfolios throughout Europe.
The Real Estate Group of Baker & McKenzie regularly advises investors on real estate transactions, most recently amongst others Peakside Capital on the acquisition of historic office building "Fernsprechamt Schlüterstraße" in Hamburg and on the sale of Square 41 in Frankfurt and the Malaysian state pension fund EPF (Employees Provident Fund) on its joint venture with the Dietz Group.
Legal advisors to Corestate Capital Holding S.A. (Financing): Baker & McKenzie
Real Estate Finance: Filip Kurkowski (partner, Frankfurt)
Real Estate Finance: Silke Fritz (associate, Frankfurt), Laurent Fessmann, Martin Michard (both partners, Luxembourg)