Noerr successfully advises Poligroh on acquisition of portfolio of residential properties from UmweltBank

A dedicated team from Noerr, headed by Tim Behrens has successfully advised Poligroh Eins GmbH & Co. KG, a subsidiary of Poligroh Holding GmbH & Co. KG, (Poligroh) on its acquisition of three residential properties in Tübingen und Nuremberg from subsidiaries of UmweltBank AG, known for its focus on environmental banking. The buyer Poligroh serves as the real estate investment arm of the Hansgrohe SE family office, a prominent German entrepreneurial family.

The newly acquired portfolio consists of two properties in Tübingen and another in Nuremburg, including a total of 293 apartments and 16 commercial units, spanning over more than 28,000 square metres. Constructed in 2018 and 2020, the properties include both privately financed and socially subsidised apartments. They boast high ESG standards, are equipped with photovoltaic systems and are partially hold certification under the standards of the German Sustainable Building Council (DGNB).

Honouring Poligroh’s investment strategy, the focus of this investment is not primarily on optimising returns but rather on preserving sustainable value and fostering growth. Poligroh’s stated objective is to maintain the properties’ attractiveness over the long term while ensuring that rent levels remain reasonable for existing and future tenants.

Noerr provided comprehensive legal and tax advice to the buyer Poligroh throughout the acquisition process.

Advisors to Poligroh Eins GmbH & Co. KG: Noerr

Lead: Tim Behrens (Real Estate Investments, Frankfurt am Main)

Team:

Real Estate Investments: Valentina Glasa (associated partner, Hamburg), Philipp König (senior associate), Hendrik Westendorf (associate, both Frankfurt am Main)

Regulatory: Elena Marks (senior associate, Munich), Carsten Bringmann (associated partner), Ines Mittermeier (senior associate, both Dusseldorf),

Tax: Martin Haisch (partner, Frankfurt am Main), Steffen Arlich (associated partner), Sebastian Leidel (associated partner, both Munich), Benedikt Rippert (senior associate, Frankfurt am Main)