Berlin, December 20, 2019 – Greenberg Traurig advised Quilvest Capital Partners and Arax Properties on the sale of the "Alphahaus" property in Offenbach. The buyer of the property is Bain Capital. The parties have agreed not to disclose the purchase price.
The seven-storey office property in the Kaiserlei district of Offenbach located at the border of Frankfurt am Main has a total of around 24,000 square meters of rental space and 221 parking spaces. The ground floor is used by retailers and various showrooms; the remaining six floors are let to office users.
Bernard Charpentier, General Counsel of Quilvest Capital Partners, stated: “It was a pleasure to work with the GT Team led by Nicolai Lagoni who did an excellent job to close the transaction within record time.”
Greenberg Traurig advised Quilvest and Arax Properties on all aspects of German law of the transaction. Elvinger Hoss Prussen advised with regard to Luxembourg law aspects.
Background: Greenberg Traurig advised Arax Properties for the first time. Quilvest has been advised by the firm in regard to several transactions.
About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has approximately 2,100 attorneys in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.