Greenberg Traurig advised Garbe Industrial Real Estate on the sale of Logistrial Real Estate. Thereby Garbe sells all shares in the company as well as a logistics portfolio consisting of 13 properties in full occupancy and six project developments located in Germany, Austria, France and the Netherlands. The total area of those properties amounts to approximately 580,000 square meters. The purchase price is around 800 million Euro. The buyer is Union Investment.
The team of Greenberg Traurig advised Garbe on all legal aspects of the share deal including advice regarding the form change of the sold company prior to the transaction.
Background: Greenberg Traurig has advised Garbe for several years regarding Real Estate M&A and Financing, already in 2016 on the structuring and implementation of the joint venture GIANT (Growth Industrial Asset Net-Income Trust).
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