BERLIN - Aug. 4, 2016 - Greenberg Traurig Germany has advised Union Investment on the purchase of the research and business park “Uferstadt Fürth.” Union Investment acquired the portfolio in an asset deal. Portfolio companies of Investa property group were the sellers of the approximately 54,000 square meter site.
The “Uferstadt Fürth“ is located on the grounds of Grundig AG’s former production plant on the banks of the Pegnitz river. The research, office and scientific center includes seven buildings. The portfolio is the first investment property of the new fund “Urban Campus No. 1,“ which was set up in June by Union Investment and Investa Capital Management as a special fund for campus properties. Tenants include the outsourcing service provider Sellbytel Group and the IT supplier Atos Information Technology.
Greenberg Traurig Germany comprehensively advised Union Investment on the transaction.
Background:
Union Investment is one of the leading European real estate investment managers with a focus on open property funds for private and institutional investors. Union Investment currently manages nine real estate funds with total fund assets of around 27.8 billion euros. The Greenberg Traurig Germany team has, for several years, regularly accompanied Union Investment in real estate transactions.
Legal Advisors:
Lead Shareholders: Dr. Henrik Armah (M&A), Dr. Peter Schorling (M&A)
Other Shareholders: Dr. Martin Hamer (environmental law, public law), Dr. Christoph Enaux (antitrust law)
Counsel: Dr. Annette Geldsetzer (energy law, public law)
Associates: Dr. Philipp Osteroth, Natalie Hsiao, Oliver Markmann (all M&A), Dr. Niklas Conrad (copyright law), Martin Culinovic (antitrust law)