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.
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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.