Greenberg Traurig advised the UK-based private equity fund manager Benson Elliot with an international team from Germany and the Netherlands on the purchase of the Schloss-Straßen-Center in Berlin. The vendor RDI REIT sold the shopping center for 65.5 million euros.
The 18,600 square meter shopping center is in the Berlin district of Steglitz-Zehlendorf on Schloßstrasse, one of the prime high streets in southwestern Berlin. The center is 97% occupied, with a mix of national and international retailers.
Greenberg Traurig's interdisciplinary team provided advice to Benson Elliot on all legal aspects of the acquisition of the property by way of a share deal and on the structuring of the joint venture.
Background: Greenberg Traurig regularly advises Benson Elliot on transactions. Most recently, the team advised on the acquisition of a portfolio of three shopping centers in Germany in May 2019.
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 18,600 square meter shopping center is in the Berlin district of Steglitz-Zehlendorf on Schloßstrasse, one of the prime high streets in southwestern Berlin. The center is 97% occupied, with a mix of national and international retailers.
Greenberg Traurig's interdisciplinary team provided advice to Benson Elliot on all legal aspects of the acquisition of the property by way of a share deal and on the structuring of the joint venture.
Background: Greenberg Traurig regularly advises Benson Elliot on transactions. Most recently, the team advised on the acquisition of a portfolio of three shopping centers in Germany in May 2019.