Noerr advises Brookfield on public takeover offer for alstria

Noerr advises Alexandrite Lake Lux Holdings S.à r.l., a company controlled by a real estate private fund of Brookfield Asset Management, on the announced voluntary public takeover offer for alstria office REIT-AG. In this context, Alexandrite Lake Lux Holdings S.à r.l. has signed an Investment Agreement with alstria. The Canadian asset manager Brookfield intends to make an offer of EUR 19.50 per share in cash for all outstanding shares of alstria.

The completion of the takeover will be subject to a minimum acceptance threshold of 50% plus one alstria share (including the shares already owned by Brookfield) and certain further customary conditions.

alstria office REIT AG is a leading German real-estate operator focusing on office property in German markets. As of 30 September 2021, the portfolio comprised 111 buildings with a lettable area of 1.5 million square meters and a total market value of EUR 4.7 billion.

Brookfield instructed the Noerr team led by London based Dr. Thomas Schulz and Sebastian Diehl. Kirkland & Ellis acted as lead advisor to the bidder on the takeover and financing aspects of the transaction.

Brookfield Asset Management is a global alternative asset manager with over US$650 billion of assets under management.

Advisors to Alexandrite Lake Lux Holdings S.à r.l.: Noerr

Dr. Thomas Schulz, Sebastian Diehl (joint lead, both Private Equity, London)

Real Estate (Frankfurt/Düsseldorf): Dr. Tim Behrens, Dr. Henrik Dornscheidt (real estate joint lead), Christoph Brenzinger, Dr. Zoltán Nádasdy, Dr. Szilvia Andriska, , Valentina Glasa, Raphaël Hebecker, Hanna Pirlich, Dr. Enno Stange, Luca Marie Toth, Evelin Moini, Dr. Virág Ablonczy, Dr. Barbara Herczegfalvi

Employment law (Düsseldorf): Mareike Götte

Capital Markets (Munich): Dr. Michael Brellochs, Dr. Georg Langheld

Compliance (Hamburg/Munich): Dr. Till Steinvorth, Prof. Dr. Christian Pelz, Dr. Dalma Drótos

Data Privacy (Munich): Dr. Daniel Rücker, Dr. Korbinian Hartl

Digital Business (Frankfurt): Patrick Neidinger, Julian Monschke

IP (Munich): Katja Schmitt, Dr. Christoph Rieken, Natalie Oei, Manuela Wickenhöfer