Global law firm Greenberg Traurig has advised GARBE Industrial Real Estate GmbH (GARBE) on the acquisition of two logistics properties for its German special fund "GARBE Logistikimmobilien Fonds Plus II" (GLIF+ II). The properties, with a total lettable area of approximately 22,000 square meters, are located in established industrial parks in Dresden-Ottendorf and Munich Karlsfeld and are fully let. The parties have agreed to not disclose the purchase price.
The Greenberg Traurig team provided comprehensive legal advice for the project, including advising on tax law matters.
GARBE is one of the leading specialists for industrial real estate in Germany as well as Europe. It specializes in the development, marketing, and management of logistics corporate real estate.
GLIF+ II was launched in summer 2020 and invests primarily in logistics properties in Germany and the Netherlands. It has a target fund volume of approximately EUR 1 billion, of which approximately EUR 280 million have been invested in ten properties to date, according to GARBE.
Background: Greenberg Traurig has advised GARBE for several years in the areas of investment law, real estate/M&A, and financing. Most recently, the team advised GARBE on the refinancing of a logistics real estate portfolio valued at approximately EUR 380 million.
About Greenberg Traurig: Greenberg Traurig, LLP (GT), has approximately 2200 attorneys in 40 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. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: www.gtlaw.com
The Greenberg Traurig team provided comprehensive legal advice for the project, including advising on tax law matters.
GARBE is one of the leading specialists for industrial real estate in Germany as well as Europe. It specializes in the development, marketing, and management of logistics corporate real estate.
GLIF+ II was launched in summer 2020 and invests primarily in logistics properties in Germany and the Netherlands. It has a target fund volume of approximately EUR 1 billion, of which approximately EUR 280 million have been invested in ten properties to date, according to GARBE.
Background: Greenberg Traurig has advised GARBE for several years in the areas of investment law, real estate/M&A, and financing. Most recently, the team advised GARBE on the refinancing of a logistics real estate portfolio valued at approximately EUR 380 million.