BERLIN – Jan. 10, 2017 – Greenberg Traurig Germany has advised the European Cities Fund, managed by TH Real Estate, on the purchase of the development project “Cube Berlin” located at the main station in Berlin. The European Cities Fund is a pan-European real estate fund that currently has an investment capital of approximately 700 million euros. The fund purchased the property as part of a forward deal from CA Immo Deutschland GmbH. The seller will implement the project within the next three years. The handover is scheduled for 2019. The purchase price was not disclosed.
The "Cube Berlin" is to be one of the most modern office buildings in Germany, using intelligent building technology, thus becoming a pioneer in the Smart Building segment. Due to a modular and flexible architecture, ideal conditions for new, individual work are created. In total, the "Cube Berlin" will comprise of a leasable floor space of approximately 18,500 square meters, spread over ten floors.
Greenberg Traurig advised the buyer in all German corporate and real estate matters regarding the transaction.
Shareholders and Counsel: Florian Rösch and Wencke Bäsler (lead attorneys, Real Estate/M&A), Martin Hamer (Public Law), Christian Schede (Real Estate/M&A)
Associates: Johannes Steinfort (Real Estate/M&A), Nicolai Lagoni (Corporate/M&A), Silke Köhler (Real Estate/M&A), Alexandra Parascho (Real Estate/M&A), Sara Berendsen (Corporate/M&A), Astrid Fleisch (Public Law)
About Greenberg Traurig Germany
Greenberg Traurig is one of the largest transactional law firms, serving clients from 38 locations across the globe. In Germany, more than 50 lawyers provide legal advice predominantly on transactions in the real estate, technology and telecommunications, media and entertainment, and infrastructure sectors.
The law firm is characterized by its integrated approach that combines legal know-how with in-depth industry knowledge. For this reason, the attorneys are regularly recommended by leading legal directories. In 2016, German newspaper Handelsblatt in conjunction with Best Lawyers recognized the team once again in its “Best Lawyers in Germany” ranking.
Greenberg Traurig was founded in the U.S. in 1967. Internationally, 2,000 attorneys in the U.S., Europe, Asia and Latin America offer legal advice to innovative companies.
For more information please visit www.gtlaw.de.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP (GTLaw) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East and is celebrating its 50th anniversary. One firm worldwide, GTLaw has been recognized for its philanthropic giving, was named the second largest firm in the U.S. by Law360 in 2016, and among the Top 20 on the 2016 Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.