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Greenberg Traurig advises on sale of residential and commercial portfolio with 1,000 units

Greenberg Traurig Germany advised an Anglo-Saxon group of investors on the sale of a real estate portfolio with a total of 1,000 residential and commercial units. The portfolio with a rental space of approximately 65,000 square meters had been managed by the asset and investment manager Feondor who also accompanied the sale. The buyers are two real estate funds of Swiss Life Holding AG. The parties have agreed not to disclose the purchase price.

The properties are located in Hesse and North Rhine-Westphalia, especially in the cities of Frankfurt, Offenbach, Cologne and Düsseldorf. The properties are fully let except for the usual vacancies due to fluctuation.

Greenberg Traurig provided comprehensive advice on all legal aspects of the transaction.

Background: In addition to the current sale, the firm and the Feondor Group have been cooperating on real estate transactions for several years. In 2017, for example, Greenberg Traurig advised on a portfolio sale of around 2,500 apartments in North Rhine-Westphalia.
About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has 2200 lawyers 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.