Noerr advises BayWa on sale of company headquarters for €280 million

Noerr has advised BayWa AG on concluding an agreement for the sale of its Munich corporate headquarters currently undergoing renovation. Paying €280 million, the investment manager WealthCap will acquire 94.9 per cent of the shares in a project company owning the headquarters. The remaining 5.1 per cent share will still be held by BayWa AG.

The project company, i.e. a joint venture set up by the Competo fund entities and BayWa, had acquired the high-rise building for general renovation in 2012. Upon completion of the renovation works, BayWa will continue to use and hire the “Sternhaus” building for the long term.

BayWa was advised by a team of Noerr’s Real Estate Investment Group led by the Munich real estate experts Dr Stefan Weise and Marco Winterer in this transaction. The BayWa Group regularly relies on legal advice of Noerr. For instance, a Noerr team led by the partners Professor Alexander Liegl, Dr Florian Becker and Marco Winterer also advised BayWa on establishing the project company for renovating the corporate headquarters.

Noerr LLP’s Real Estate Investment Group, which is led by Professor Alexander Goepfert, consists of more than 60 experts from all disciplines of relevance to the real estate industry and with its interdisciplinary collaboration and network has created a service which is unique in the real estate sector. Based on this approach, the Real Estate Investment Group has been able over the past few years to continuously increase its market share.

Advisors to BayWa AG: Noerr LLP

Dr. Stefan Weise, Marco Winterer (Real Estate) , Dr. Florian Becker (Corporate), Associate: Jessica Ploss (Real Estate, all Munich)