Noerr has, in conjunction with a team of experts from its real estate investment group (REIG), advised the Swiss real estate investor Gold Tree on the acquisition of a retail portfolio.
The deal involves four properties overall, which are located in Berlin, Goslar, Ludwigsfelde and Rödental and were developed and built by the Dutch group Ten Brinke.
All properties were completed in 2016 and are being let long term to well-known national retail tenants including OBI, EDEKA and REWE. The overall purchase price is approximately EUR70 million. The portfolio was financed by BayernLB.
The future asset management will be taken care of by McCafferty, who has already provided business consulting advice during the transaction.
The REIG team recently advised Gold Tree on the acquisition of the headquarters of Esprit Europe in Ratingen.
