Noerr advises Gold Tree on acquisition of a retail portfolio

Noerr has with a team of experts from its Real Estate Investment Group (REIG) advised the Swiss real estate investor Gold Tree on the acquisition of a retail portfolio. The deal involves four properties overall, which are located in Berlin, Goslar, Ludwigsfelde and Rödental and were developed and built by the Dutch group Ten Brinke.

All properties were completed in 2016 and are being let long term to well-known national retail tenants including OBI, EDEKA and REWE. The overall purchase price is approximately EUR 70 million. The portfolio was financed by BayernLB. The future asset management will be taken care of by McCafferty, who have already provided business consulting advice during the transaction.

The REIG team recently advised Gold Tree on the acquisition of the headquarters of Esprit Europe in Ratingen. GoldTree has for many years relied on advice from Annette Pospich for its investments in Germany. Noerr’s Real Estate Investment Group (REIG) which is headed by Alexander Goepfert offers a unique advisory portfolio in the real estate sector. The practice group consists of more than 60 experts coverall all disciplines of relevance to the real estate industry and has continuously grown its market share in the past few years with its interdisciplinary approach.

Advisors to Gold Tree Group: Noerr LLP

Annette Pospich (Munich/Düsseldorf, Real Estate), Dr Peter Bachmann (Regulatory),  René Dubois (Corporate), Associates: Jessica Ploss (Real Estate), Katherina Luther (Regulatory), Julia Kominek (Private Equity, all Munich), Alexander Mühleisen (Real Estate, Düsseldorf)