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Greenberg Traurig Advises Heimstaden Bostad on the Acquisition of a Residential Real Estate Portfolio for EUR 830 Million

Greenberg Traurig advised Heimstaden Bostad, one of the largest Swedish housing companies, on the acquisition of a real estate portfolio in Berlin. The purchase price amounts to EUR 830 million.

The portfolio consists of 130 properties and includes 3,902 residential units, 208 commercial units and 321 parking spaces. The total lettable area comprises 282,000 square meters.

The transaction is expected to close in the fourth quarter of 2020 or the first quarter of 2021.

Greenberg Traurig has advised Heimstaden on all legal aspects of the transaction by way of an asset deal.

Background: Greenberg Traurig has already advised the Scandinavian housing group Heimstaden on several transactions, including in May 2020 on the purchase of 300 residential and commercial units in Berlin for EUR 54 million.
About Greenberg Traurig, LLP Greenberg Traurig, LLP (GT) has approximately 2,200 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. Web: Twitter: @GT_Law.