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Greenberg Traurig Germany advises Brookfield-managed fund on the acquisition and financing of the SI-Centrum for 145 million euros

Berlin, May 14, 2018 Greenberg Traurig Germany advised a fund managed by Brookfield on the acquisition and financing of the Stuttgart International Centrum (SI-Centrum) in Stuttgart. For Brookfield, the acquisition of the SI-Centrum is the second major real estate acquisition in Germany after acquiring the Potsdamer Platz in Berlin at the end of 2015.

 The properties of the SI-Centrum were sold by four three-country funds (Dreiländerfonds) for 145 million euros. The company responsible for the SI-Centrum's marketing was sold by balandis real estate AG. The entire complex comprises approximately 143,000 square metres of rental space consisting of several buildings with two stage musical theatres, a Cinemaxx cinema, the Stuttgart Casino, two hotels, a spa, several restaurants, bars and cafés as well as numerous apartments and car parking spaces. Approximately two million people visit the SI-Centrum every year.

Greenberg Traurig Germany provided wide-ranging advice on all legal aspects of the acquisition and financing.

Background: Greenberg Traurig Germany continuously advises Brookfield on the asset management of the Potsdamer Platz complex in Berlin.

About Greenberg Traurig

Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East. GT has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and is among the Top 20 on the 2017 Am Law Global 100. Web: Twitter: @GT_Law.