Skip to main content

Greenberg Traurig advises Garbe on the sale of Logistrial Real Estate to Union Investment for EUR 800 million

Greenberg Traurig advised Garbe Industrial Real Estate on the sale of Logistrial Real Estate. Thereby Garbe sells all shares in the company as well as a logistics portfolio consisting of 13 properties in full occupancy and six project developments located in Germany, Austria, France and the Netherlands. The total area of those properties amounts to approximately 580,000 square meters. The purchase price is around 800 million Euro. The buyer is Union Investment.

The team of Greenberg Traurig advised Garbe on all legal aspects of the share deal including advice regarding the form change of the sold company prior to the transaction.

Background: Greenberg Traurig has advised Garbe for several years regarding Real Estate M&A and Financing, already in 2016 on the structuring and implementation of the joint venture GIANT (Growth Industrial Asset Net-Income Trust).

About Greenberg Traurig, LLP Greenberg Traurig, LLP (GT) has approximately 2,200 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: Twitter: @GT_Law.