TAG AG relies on Noerr in the sale of its commercial real estate portfolio
With the support of the law firm Noerr, TAG Immobilien AG (“TAG”) has sold its commercial real estate portfolio in a “share deal”. TAG continues to hold 20% in TAG Gewerbeimmobilien GmbH.
The value of the portfolio, consisting currently of 21 properties with total floor area of nearly 270,000 sqm. is approx. EUR 297 million. By selling this portfolio, TAG focuses on the management of its residential portfolio.
Noerr advised TAG AG with a team led by the Frankfurt partners Dr. Alexander Jänecke and Dr. Laurenz Wieneke. Noerr regularly advises the group, for example on the acquisition of the state-owned TLG Wohnen GmbH and DKB Immobilien AG.
In the real estate sector, Noerr’s inter-disciplinary Real Estate Investment Group (REIG) is among the leading consultants for transactions and financing. The Group offers integrated advice combining know-how in real estate, corporate, finance and tax. The REIG recently assisted Deutsche Annington in two takeovers of residential portfolios of DeWAG and the Vitus Group.
Advisor TAG AG: Noerr LLP
Dr. Alexander Jänecke (REIG/Real Estate) and Dr. Laurenz Wieneke (REIG/Corporate, both leading), Dr. Jens Kunz (REIG/Regulatory), Dr. Oliver Trautmann (Tax, all Frankfurt), Lutz Enno Werner (REIG/Tax, Düsseldorf).
Associates: Michael Achtert (REIG/Real Estate), Dr. Christian Hartig (Corporate), Carina Park (Tax, all Frankfurt).