Westgrund Aktiengesellschaft (DB:WEG1) completed the acquisition of a portfolio of about certain flats in Lower Saxony, Brandenburg, Mecklenburg-Western, Pomerania and Saxony from Berlinovo Immobilien Gesellschaft mbH.
The supervisory board of Westgrund and the relevant committee of Berlinovo Immobilien approved the deal on July 9, 2014. Hermann Stapenhorst, Nadja Fleischmann, Stefan Meusel, Liza Nawabi, Anselm Dierkes, Jochen Reuter, Jan Philipp Wimmer, Franziska Krokutsch, Franziska Krokutsch, Jana Ria Bittner, Matthias Kuß, Beate Engin, Sebastian Schmitz, Joachim Natterer, Martin Bredol, Axel Dippmann, Alexander Schmitt and Jens Benninghofen of CMS Hasche Sigle acted as legal advisors and JLL acted as real estate advisor to Berlinovo Immobilien. Barclays acted as financial advisor and Olswang acted as legal advisor to Westgrund. Arbireo Capital acts as sole financial advisor for impending capital increase. Tender was organised by Jones Lang LaSalle. Heuking Kühn Lüer Wojtek acted as legal advisor for Westgrund Aktiengesellschaft. The banks were advised by Gleiss Lutz Hootz Hirsch, Wecken & Cie Rödl & Partner. Florian Rösch, Peter Schorling, Martin Hamer, Georg von Wallis, Christoph Enaux, Sara Berendsen, Martin Culinovic, Martin Dobias, Adrian Helfenstein, Oliver Markmann, Simon Pfefferle and Claudia Stremel of Greenberg Traurig Germany acted as legal advisor for the acquirer.
Westgrund Aktiengesellschaft (DB:WEG1) completed the acquisition of a portfolio of certain flats in Lower Saxony, Brandenburg, Mecklenburg-Western, Pomerania and Saxony from Berlinovo Immobilien Gesellschaft mbH in during the first quarter of 2015. The deal for the remaining portion of the portfolio was cancelled.