Greenberg Traurig advised GARBE Industrial Real Estate on launching two open special Alternative Investment Funds (AIFs). GARBE launched the funds, which are to be primarily invested in European real estate within the Logistics Real Estate and Light Industrial Real Estate sectors, in conjunction with Union Investment.
The first investment was the purchase of the "Rocket Portfolio" consisting of six development projects and two existing logistics centers. Union and GARBE are jointly responsible for the investment management of the special funds. GARBE is responsible for the asset and property management of the funds.
The Greenberg Traurig team advised GARBE comprehensively on the launch of the funds as well as advising on all questions related to investment and asset, as well as property management.
Background: Greenberg Traurig has advised GARBE for several years in the areas of investment law, real estate M&A and financing, including the sale of the "Logistrial Portfolio" for 800 million Euros to Union Investment at the beginning of the year.
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