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Greenberg Traurig Germany advises joint venture on the sale of 2,500 apartments to Blackstone

Berlin, May 8, 2018Greenberg Traurig Germany advised a joint venture between the three partners Kauri CAB Management GmbH (Kauri CAB), a Sovereign Wealth Fund and Apeiron/Ailon on the sale of a residential property portfolio. The sale took place by way of a share deal to a fund managed by the Blackstone Group.

The portfolio comprises approximately 2,500 housing units as well as 130 commercial units and is located in central Berlin and East Germany.

Greenberg Traurig Germany advised the joint venture extensively on all legal aspects of the structured bidding process and the transaction.

Greenberg Traurig Germany has regularly been advising Kauri CAB on real estate transactions since 2015, and most recently assisted a joint venture between Benson Elliot and Kauri CAB on the sale of the residential project development “Wasserstadt Mitte” in Berlin.

About Greenberg Traurig, LLP
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.