Noerr advises real estate fund manager ActivumSG on the takeover of leading real estate developer formart from HOCHTIEF AG
With legal advice from the law firm Noerr, real estate fund manager ActivumSG has taken over formart, the second largest residential real estate developer in Germany, from HOCHTIEF AG. An inter-disciplinary team from Noerr’s Real Estate Investment Group led by Prof. Dr. Alexander Goepfert and Felix Blobel advised ActivumSG comprehensively on all real estate, corporate and tax aspects of the transaction.
formart is one of Germany’s largest real estate developers in major metropolitan areas. The company designs, builds and sells residential real estate projects for private clients and institutional investors. formart has, at present,a pipeline of around 70 projects with a volume of approx. 1.3 billion Euro. ActivumSG sees formart as an excellent opportunity to further increase its exposure to this growing market segment and expand its geographic footprint throughout Germany.
In the real estate sector, Noerr, with its inter-disciplinary Real Estate Investment Group (REIG), is among the leading advisors on transactions and financings. The Group, led by Prof. Dr. Alexander Goepfert, offers integrated advice and combines in particular real estate, corporate, finance and tax know-how. In the current year, REIG teams have advised, inter alia, Deutsche Annington on the takeover of the residential portfolio of DeWAG and the integration of the Vitus Group as well as Bayerische Versorgungskammer on the financing of the Leipziger Platz Quartiers by a mixed syndicate comprised of banks and pension fund Bayerische Versorgungskammer as well as on the sale of the commercial portfolio of TAG AG to Apollo.
Advisor ActivumSG Capital Management Ltd.: Noerr LLP
Prof. Dr. Alexander Goepfert (REIG/real estate), Felix Blobel (REIG/corporate)
Gregor Barbers (REIG/real estate), Christoph Brenzinger (REIG/real estate), Dr. Michaela Engel (REIG/tax), Dr. Patrick Mückl (employment), Lutz Enno Werner (REIG/rax), David Zafra Carollo (REIG/real estate)
Associates: Sonja Beier (REIG/real estate), Janina Diesem (REIG/real estate), Ariane Neubauer (REIG/corporate), Dr. Maximilian Schulte (REIG/real estate)