Berlin, Jan. 16, 2017 – Greenberg Traurig Germany has advised Nicolas Berggruen Holdings GmbH on the sale of a housing portfolio. A Luxembourgian investment company acquired the property as part of an asset deal. The portfolio includes 14 properties in Berlin with over 400 residential units and an area of approximately 32,000 square meters. The purchase price amounted to a high two-digit million sum.
Nicolas Berggruen Holdings GmbH is an owner-managed real estate investment company based in Berlin. Nicolas Berggruen founded the company in 2005. Since then, the company has invested around 370 million euros in the acquisition and renovation of some 100 properties in Berlin and Potsdam.
Background:
Greenberg Traurig Germany has been advising Nicolas Berggruen Holdings GmbH regularly on real estate transactions for several years. Berggruen Holdings, Inc. is also a client of Greenberg Traurig in the USA.
Legal Advisors:
Shareholder: Florian Rösch (Real Estate/M&A)
Associate: Martin Dobias (Real Estate/M&A)
About Greenberg Traurig Germany
Greenberg Traurig is one of the largest transactional law firms, serving clients from 38 locations across the globe. In Germany, more than 50 lawyers provide legal advice predominantly on transactions in the real estate, technology and telecommunications, media and entertainment, and infrastructure sectors.
The law firm is characterized by its integrated approach that combines legal know-how with in-depth industry knowledge. For this reason, the attorneys are regularly recommended by leading legal directories. In 2016, German newspaper Handelsblatt in conjunction with Best Lawyers recognized the team once again in its “Best Lawyers in Germany” ranking.
Greenberg Traurig was founded in the U.S. in 1967. Internationally, 2,000 attorneys in the U.S., Europe, Asia and Latin America offer legal advice to innovative companies.
For more information please visit www.gtlaw.de.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP (GTLaw) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East and is celebrating its 50th anniversary. One firm worldwide, GTLaw has been recognized for its philanthropic giving, was named the second largest firm in the U.S. by Law360 in 2016, and among the Top 20 on the 2016 Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.