Greenberg Traurig advised asset manager and project developer BEOS AG on the acquisition of eight corporate properties in Germany. The purchase was made for the open-ended real estate special AIF "BEOS Light Industrial Germany I". The seller is the project developer Cilon. The parties agreed not to disclose the purchase price.
The portfolio comprises a total of 70,000 square meters of rental space and 110,000 square meters of land. It is almost fully let to around 50 companies from a wide range of sectors, including the automotive industry, logistics, and the public sector. Five of the eight properties are located in the Rhine-Main area, two in Sindelfingen, and one in Kassel. Cilon acquired and revitalized the properties from 2018 to 2021.
Greenberg Traurig provided comprehensive advice to BEOS on all legal aspects of the transaction.
Background: BEOS is a long-standing client of the firm. The Greenberg Traurig team has regularly advised the asset manager, which specializes in corporate real estate, on real estate/M&A and IT outsourcing matters since 2010, such as the sale of the "Osthafen" IT and business park in Frankfurt am Main in 2020.
The portfolio comprises a total of 70,000 square meters of rental space and 110,000 square meters of land. It is almost fully let to around 50 companies from a wide range of sectors, including the automotive industry, logistics, and the public sector. Five of the eight properties are located in the Rhine-Main area, two in Sindelfingen, and one in Kassel. Cilon acquired and revitalized the properties from 2018 to 2021.
Greenberg Traurig provided comprehensive advice to BEOS on all legal aspects of the transaction.
Background: BEOS is a long-standing client of the firm. The Greenberg Traurig team has regularly advised the asset manager, which specializes in corporate real estate, on real estate/M&A and IT outsourcing matters since 2010, such as the sale of the "Osthafen" IT and business park in Frankfurt am Main in 2020.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2400 attorneys in 42 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm, often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono, reported gross revenue of over $2 Billion for FY 2021. The firm is consistently among the top firms on the Am Law 100, Am Law Global 100, NLJ 250, and Law360 (US) 400. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 4.0 Certified Plus by The Diversity Lab and net carbon neutral with respect to its office energy usage. Web: www.gtlaw.com.