Noerr advises ODDO BHF on Deutsche Industrie Grundbesitz AG’s successful IPO
Noerr has advised ODDO BHF on the successful IPO of Deutsche Industrie Grundbesitz AG. ODDO BHF is assisting in the transaction as listing agent. The IPO was part of a technical listing in which all 15,000,048 shares were approved for trade on the regulated market of the Berlin Stock Exchange. The major shareholder is Obotritia Capital KGaA.
Deutsche Industrie Grundbesitz AG’s core business is acquiring, leasing out, managing and selling light industrial property in Germany, typically industrial parks and logistics or industrial property. The firm’s strategy is to generate steady, sustainable and profit-oriented revenue growth by means of additional acquisitions, on-going investments in its property portfolio and strategic asset and portfolio management. Its portfolio currently consists of ten sites with a market value of almost €88 million, total leased area of 338,420 m² and annualised net (excluding utilities) rental income of €9.4 million.
The company is working toward REIT status.
Noerr’s Capital Markets team regularly advises ODDO BHF on capital market and property transactions, for example the listing of and various capital measures for Deutsche Konsum REIT AG. With its Real Estate Investment Group (REIG), Noerr is able to offer its clients a unique range of legal services. The practice group is made up of more than 60 experts in all disciplines with relevance for the real estate industry and has continually increased its market share in recent years due to its interdisciplinary approach.
Advisors to ODDO BHF: Noerr LLP
Dr Laurenz Wieneke (Frankfurt), Dr Stephan Schulz (Hamburg, both Capital Markets), Dr Matthias Geurts (Regulatory, Frankfurt); Associates: Dominique Stütz, Dr Dominik Kloka, Christian Hinzmann (all Capital Markets, Frankfurt)