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Greenberg Traurig Advises Wertgrund on Property Acquisition for the Construction of Around 650 Apartments in Göttingen

Greenberg Traurig advised Wertgrund Wohnpartner GmbH on a property acquisition at Gothaer Platz in Göttingen. The property is about 37,000 square meters and will be used for the development and construction of approximately 650 apartments. The sellers are real estate companies of BaseCamp Student and the European Student Housing Fund. The parties have agreed not to disclose the purchase price.

Greenberg Traurig advised Wertgrund on all legal aspects related to real estate/M&A and construction law.

The total investment volume for the realization and management of the project is approximately 180 million euros. Wertgrund plans to build mainly rental apartments with a total living space of approximately 45,000 square meters on the acquired property. These will mostly be transferred to various funds managed by Wertgrund, including the open-ended fund "WERTGRUND WohnSelect D".

Background: Wertgrund is a long-standing client of the firm. Greenberg Traurig has advised Wertgrund and the funds managed by Wertgrund on several transactions in the German real estate market.
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: