Greenberg Traurig advised the British investment manager ActivumSG (Activum) on the acquisition of an office and training building for a fund. The seller of the property located in Stuttgart (Germany) is the "Internationaler Bund" (IB), an independent organization involved in youth, social, and educational work. The parties agreed to not disclose the purchase price.
Greenberg Traurig comprehensively advised Activum on all legal aspects of the acquisition as part of a sale-and-leaseback transaction. Accordingly, IB said it will continue to use around 80 percent, or 8,000 square meters, of the total of approximately 10,000 square meters as an anchor tenant. Activum says it plans to comprehensively refurbish the property, develop it further and reposition it on the market.
Background: Activum is a long-standing client of Greenberg Traurig in Germany. Most recently, the firm advised the investment manager on its acquisition of the Dutch Odyssey Hotel Group.
Greenberg Traurig comprehensively advised Activum on all legal aspects of the acquisition as part of a sale-and-leaseback transaction. Accordingly, IB said it will continue to use around 80 percent, or 8,000 square meters, of the total of approximately 10,000 square meters as an anchor tenant. Activum says it plans to comprehensively refurbish the property, develop it further and reposition it on the market.
Background: Activum is a long-standing client of Greenberg Traurig in Germany. Most recently, the firm advised the investment manager on its acquisition of the Dutch Odyssey Hotel Group.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2300 attorneys in 40 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. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 4.0 Plus Certified. Web:www.gtlaw.com