Greenberg Traurig advised ARB Investment Partners on the sale of the Berlin office property "Treptower". Buyers of the property are two funds managed by Patrizia Immobilien. The purchase price is confidential.
With a height of 125 meters, 31 stories and a rental area of around 26,000 square meters, the Treptower is currently the tallest office property in the capital.
Greenberg Traurig advised ARB on all legal and tax aspects of the sale in a share deal.
Background: Greenberg Traurig has already advised ARB on several transactions. In 2013 the team already advised ARB on the purchase of the Treptower and another property in Treptow. At the beginning of last year, ARB had already sold the neighbouring property at Martin-Hoffmann-Strasse with an area of around 12,000 square meters to another fund managed by Patrizia Immobilien. Also in this case, the GT team under the leadership of Henrik Armah worked for ARB.
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.