Noerr advises British investor on takeover of Ferrostaal real estate portfolio
Noerr has advised the real estate investor Henley on the purchase of a property portfolio from the industrial services provider Ferrostaal. Through its subsidiary Henley360, the British investor purchased several properties in Essen. The purchase price is approx. €50m.
The purchased properties include the Ferrostaal headquarters as well as other adjacent office buildings and one residential building. The entire usable area of the portfolio is approx. 35,000 square metres.
Noerr has advised Henley comprehensively, including on the financing of the transaction. Noerr assisted Henley with a team of its Real Estate Investment Group led by the partners Dr. Florian Ehrich and Andreas Naujoks. Last year, Noerr already advised Henley on the purchase of the former Babcock-Borsig site in Oberhausen.
Noerr LLP’s Real Estate Investment Group (REIG), which is led by Prof. Dr. 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 offering which is unique in the real estate sector. Based on this strategic approach, the REIG has over the past few years been able to continuously increase its market share.
Advisors to Henley Investments: Noerr LLP
Dr. Florian Ehrich (Real Estate, Berlin), Andreas Naujoks (Finance, Frankfurt, joint lead), Katrin Gänsler (Tax, Frankfurt)
Associates: Dr. Jan Christoph Funcke (Real Estate, Berlin), Jan Kriszeleit (Finance, Frankfurt).