Noerr advises Deutsche Annington on takeover of SÜDEWO Group for € 1.9 billion
Noerr has advised Deutsche Annington Immobilien SE on the agreement of a takeover of the SÜDEWO Group. With some 19,800 flats, SÜDEWO is one of the largest portfolio holders in the state of Baden-Württemberg. The volume of the transaction is € 1.9 billion. Deutsche Annington was again advised by a Noerr team led by the Partners Prof. Dr. Alexander Goepfert and Dr. Holger Alfes.
Deutsche Annington entered into the agreement to purchase SÜDEWO together with a group of investors who directly or indirectly hold shares in SÜDEWO. The acquisition is planned to be completed in early July. With this transaction, Deutsche Annington significantly expands its presence in Southern Germany. In Baden-Württemberg the company already holds a portfolio of ca. 14,000 flats.
Noerr’s Real Estate Investment Group (REIG) already advised Deutsche Annington on several large-volume transactions in the past, such as on the purchase of the DeWAG portfolio (11,500 residential units), the simultaneous purchase of the Vitus portfolio with a total of 30,000 residential units, as well as the subsequent sale of 9,600 units to LEG Immobilien AG.
Consisting of more than 60 closely connected experts of various disciplines, the Real Estate Investment Group, which is led by Alexander Goepfert, is in the position of offering clients in the real property industry a unique interdisciplinary spectrum of services. Based on this approach, the REIG has been able over the past few years to continuously increase its market share, being the market leader for large-volume transactions in Germany in 2014 with its participation in four of the top 10 transactions (source: Thomas Daily).
Advisors to Deutsche Annington Immobilien SE: Noerr LLP
Dr. Holger Alfes (REIG/Corporate, Frankfurt), Prof. Dr. Alexander Goepfert (REIG/Real Estate, Düsseldorf, joint lead)
René Dubois (REIG/Corporate, Düsseldorf), Hanne Kara (REIG/Real Estate, Berlin), Dr. Patrick Mückl, Dr. Alexandra Otto (both Employment), Dr. Henning Schaloske (Insurance, all Düsseldorf)
Associates: Michael Achtert (REIG/Real Estate, Frankfurt), Bodo Dehne (REIG/Corporate), Janina Diesem (REIG/Real Estate), Ricardo Einfeldt (Employment), Dr. Christian Johnen, Dr. Jennifer Konrad (both Corporate, all Düsseldorf), Dr. Dennis Lepczyk (REIG/ Real Estate, Frankfurt), Dr. Marcel Messerschmidt (REIG/Real Estate, Berlin), Daniel Müller (Corporate, Frankfurt), Dr. Maximilian Schulte (REIG/Real Estate, Düsseldorf), Dr. Torsten Wehrhahn (REIG/Finance, Frankfurt)
Inhouse Deutsche Annington Immobilien SE: Dr. Thomas Görgemanns (General Cousel), Dr. Fabian Hess (Leiter Recht), Daniel Löhken (Finance)