Berlin, September 16, 2019 – Greenberg Traurig has advised EDGE Technologies (EDGE) on the sale of the EDGE East Side Berlin project development. The purchaser of the approximately 140-metre-high skyscraper is a joint venture of Allianz Real Estate and Universal-Investment, the latter acting as an investor for a special fund with the Bayerische Versorgungskammer. The parties have agreed to keep the purchase price confidential.
EDGE is a leading project developer which consistently relies on innovative technologies to develop and operate ecologically sustainable buildings with a high quality of use. EDGE East Side Berlin (65,000 sqm) will be constructed according to the plans of internationally renowned architecture firm Bjarke Ingels Group (BIG), which won the architectural competition. The project in Berlin-Friedrichshain will be completed by 2023.
Greenberg Traurig advised EDGE comprehensively on all legal aspects of the deal.
Background: Greenberg Traurig has been advising EDGE for several years in the areas of real estate M&A, project development and financing – recently on the sale of the project development EDGE HafenCity Hamburg to Allianz Real Estate.
About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has approximately 2,100 attorneys in 41 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. Web: www.gtlaw.com Twitter: @GT_Law.