BERLIN – Sept. 6, 2016 – Greenberg Traurig Germany has advised a fund managed by Tristan Capital Partners on the sale of Walle-Center in Bremen, Germany’s 10th largest city. The neighborhood shopping was sold to Deka Immobilien. The purchase price was not disclosed.
The centrally located shopping center has a total area of 24,000 square meters. The building is made up of 30 commercial units, spread over four floors.
Greenberg Traurig Germany comprehensively advised Tristan Capital Partners on all aspects of the transaction.
Background:
The Greenberg Traurig Germany team has regularly accompanied Tristan Capital Partners in transactions over the past few years. In 2014 the team assisted with a share deal for a pan-European logistics portfolio worth 472 million euros. Following this, the team also offered advisory services on the acquisition of the mall Neukölln Arkaden in Berlin for 65.6 million euros; the purchase of the Barthonia Forum in Cologne for around 110 million Euros; and the sale of the Jannowitzcenter in Berlin for 79 million euros. Recently, the attorneys advised on the sale of Karstadt property at Munich central station.
Tristan Capital Partners is a London-based investment management company that specializes in real estate investments for selected institutional and private investors in the UK and continental Europe.
Legal Advisors:
Shareholders: Dr. Peter Schorling (Lead Attorney, corporate M&A), Dr. Martin Hamer (public law)
Associates: Dr. Nicolai Lagoni, Dr. Philipp Osteroth, Claudia Stremel (all corporate M&A)