Kaye Scholer Advises GPEP and Universal-Investment on Acquisition of German Retail Parks
Kaye Scholer’s Frankfurt office recently represented GPEP GmbH, as portfolio manager, and Universal-Investment-Gesellschaft mbH on their acquisition for a special real estate fund of various opportunistic specialist retailers and retail parks with a total rental space of approximately 26,000 square meters. The biggest property is located in Saxony-Anhalt, with the others located in Hesse, Lower Saxony, North Rhine-Westphalia and Rhineland-Palatinate.
The seller of the portfolio was a British insolvency administrator.
Finance partner Sandra Pfister led the Kaye Scholer team, which included partners Dr. Annette Bödeker and Paul Atherton and associates Reinhard Bunjes, Dr. Jens Steger, Sabrina Siemko and Dr. Klaus Alten.