Greenberg Traurig advised BEOS AG, the leading asset manager and project developer of corporate real estate in Germany, on the sale of the IT and business park "Osthafen" in Frankfurt-Ostend. The buyer is the main tenant Interxion, a provider of cloud- and carrier-neutral data center services for colocation. The parties have agreed not to disclose the purchase price.
The industrial park consists of eight buildings. The rental space is approximately 43,000 square metres and is currently used by 21 tenants, mostly from the IT and telecommunications sectors.
Greenberg Traurig provided legal advice to BEOS on all aspects of the transaction.
Background: Greenberg Traurig has been advising BEOS since 2010 in the fields of real estate M&A and IT outsourcing, such as the purchase of the "Laetitia" portfolio consisting of 32 commercial properties at locations throughout Germany.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2200 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.
The industrial park consists of eight buildings. The rental space is approximately 43,000 square metres and is currently used by 21 tenants, mostly from the IT and telecommunications sectors.
Greenberg Traurig provided legal advice to BEOS on all aspects of the transaction.
Background: Greenberg Traurig has been advising BEOS since 2010 in the fields of real estate M&A and IT outsourcing, such as the purchase of the "Laetitia" portfolio consisting of 32 commercial properties at locations throughout Germany.