Noerr acts in the sale of Berlin residential complexes
The law firm Noerr acted for caleus capital investors in a transaction in which three residential complexes with a total of 1,800 units in Berlin were sold by the pan-European real estate fund EPISO advised by Caleus and Tristan Capital Partners. The purchasers are state companies.
The residential complexes are in Tegel, Wedding and Neukölln and consist mainly of one and two room apartments. The residential company Gesobau takes over the largest residential complex in Tegel with 788 units, WBM acquires 552 units in Wedding. The city and the state acquire a further 467 apartments in Neukölln.
In the real estate sector, Noerr is among the leading advisors in transactions and financing with its interdisciplinary Real Estate Investment Group (REIG). The group led by Professor Dr. Alexander Goepfert offers integrated advice and combines know-how from Real Estate, Corporate, Finance and Tax. In the present year, the REIG for example advised Deutsche Annington on the acquisition of the DeWAG-Portfolio (11,500 residential units) the simultaneous integration of the Vitus-Portfolio with the total of 30,000 residential units and the subsequent sale of 9,600 units to the LEG.
Advisor caleus capital investors: Noerr LLP
Noerr (Berlin): Dr. Florian Ehrich, Dr. Dirk Lentfer, Hanne Kara (all REIG/real estate); Associates: Dr. Clemens Schönemann, Marcel Messerschmidt (both real estate), Florian-Felix Marquardt (Tax Law)