Berlin, December 21, 2020 – Greenberg Traurig advised European real estate investment and asset manager AEW on the acquisition of the Roots portfolio. The portfolio comprises 14 logistics properties in Germany. The purchase was made through the acquisition of a fund managed by PATRIZIA. The parties agreed not to disclose the purchase price.
The properties comprise a total area of approximately 285,000 square meters and are about 96 percent leased. The portfolio includes both distribution and transshipment properties, all located in Germany's leading logistics regions of Munich, Frankfurt am Main, Stuttgart and Hamburg.
Greenberg Traurig comprehensively advised AEW on all legal aspects of the transaction.
Background: Greenberg Traurig has advised AEW on several occasions on real estate transactions in the logistics, office and commercial sectors.
About Greenberg Traurig: Greenberg Traurig, LLP (GT), has approximately 2200 attorneys in 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
The properties comprise a total area of approximately 285,000 square meters and are about 96 percent leased. The portfolio includes both distribution and transshipment properties, all located in Germany's leading logistics regions of Munich, Frankfurt am Main, Stuttgart and Hamburg.
Greenberg Traurig comprehensively advised AEW on all legal aspects of the transaction.
Background: Greenberg Traurig has advised AEW on several occasions on real estate transactions in the logistics, office and commercial sectors.