Greenberg Traurig advised NDC-GARBE on the project development for the construction of a data center in Hanau. The project covers 10,000 square meters and is being built at a distance of approximately 20 kilometers from the DE-CIX Internet node in Frankfurt am Main. The completion of the first construction phase is scheduled for the end of 2021.
NDC-GARBE was founded in October 2019 through a merger of GARBE Industrial Real Estate and NDC Data Centers. The joint venture develops both solitary data center locations and comprehensive infrastructures. In addition to the Data Center in Hanau, NDC-GARBE realizes data centers in major German cities such as Frankfurt, Berlin, Munich and Hamburg and promotes the use and storage of renewable energies in projects in Austria, Germany and Sweden to minimize electricity prices and CO2 emissions.
Greenberg Traurig provided comprehensive advice to NDC-GARBE during the project development.
Background: Greenberg Traurig has been advising Garbe Industrial Real Estate for several years in the areas of investment law, real estate/M&A and financing, including the sale of the "Logistrial Portfolio" for 800 million euros to Union Investment at the beginning of the year. Most recently, the attorneys of Greenberg Traurig had accompanied GARBE in the reissue of two pan-European special logistics funds with Union Investment for the purchase of the Rocket portfolio.
NDC-GARBE was founded in October 2019 through a merger of GARBE Industrial Real Estate and NDC Data Centers. The joint venture develops both solitary data center locations and comprehensive infrastructures. In addition to the Data Center in Hanau, NDC-GARBE realizes data centers in major German cities such as Frankfurt, Berlin, Munich and Hamburg and promotes the use and storage of renewable energies in projects in Austria, Germany and Sweden to minimize electricity prices and CO2 emissions.
Greenberg Traurig provided comprehensive advice to NDC-GARBE during the project development.
Background: Greenberg Traurig has been advising Garbe Industrial Real Estate for several years in the areas of investment law, real estate/M&A and financing, including the sale of the "Logistrial Portfolio" for 800 million euros to Union Investment at the beginning of the year. Most recently, the attorneys of Greenberg Traurig had accompanied GARBE in the reissue of two pan-European special logistics funds with Union Investment for the purchase of the Rocket portfolio.
About Greenberg Traurig: Greenberg Traurig, LLP (GT), has approximately 2200 attorneys 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: www.gtlaw.com