Noerr also advises Instone after IPO on cross-border transformation of its legal form

14.09.2018

Noerr has once again advised Instone Real Estate Group on a complex matter. Having assisted it with its IPO on the Frankfurt Stock Exchange at the beginning of the year, Noerr has now also provided the residential property developer with comprehensive tax law advice on its cross-border transformation from a Dutch stock corporation (N.V.) into a German stock corporation (AG). A team headed by tax law partner Carsten Heinz acted for this client.

The focus here was on obtaining various tax rulings to ensure that the transformation of legal form can be carried out so that it is neutral in terms of income tax and real estate transfer tax. These tax rulings have now been issued and the supervisory board and the management board have consented to the change in legal form. The listed residential property developer will in future trade under the name Instone Real Estate Group AG and will be headquartered in Essen.

The transformation into a German stock corporation was the last of the post-IPO reorganisation measures. Noerr had already during pre-IPO reorganisation changed the form of the German limited partnership formart Development GmbH & Co. KG into a German limited liability company (GmbH). For the IPO itself, a Noerr team headed by Felix Blobel and Carsten Heinz had provided corporate and tax law advice to Instone and its main shareholder. Instone and its sole shareholder to date, AktivumSG, have already relied on the firm’s advice for a long time.

Advisors to Instone: Noerr                                       

Dr Carsten Heinz (team lead), Michael Tommaso, Christian Garz, Juliane Fiebig  (all Tax, Berlin)

Additional advisors to Instone: Nauta Dutilh (for the Dutch part), Sullivan & Cromwell (for the German corporate and capital markets law parts)