Noerr advises Peakside and Stoke Park on acquisition of a portfolio of food anchored retail assets

A team from Noerr led by Tim Behrens has successfully guided the investment managers Peakside and Stoke Park in their first collaborative acquisition of a portfolio consisting of 23 food anchored retail properties located across Germany. The seller is the asset and investment manager GRR GARBE Retail.

The combined total rental area of this food retail portfolio is just under 46,600m². With an average WALT (weighted average remaining lease term) of four years, the portfolio also complies with contemporary building standards.

Noerr’s team comprehensively advised Peakside and Stoke Park on all legal aspects related to the acquisition of the portfolio and its debt financing.

Advisors to Peakside and Stoke Park: Noerr

Lead Advisor: Tim Behrens (partner, Real Estate, Frankfurt)

Real Estate: Valentina Glasa (associated partner, Hamburg), Phillipp König (senior associate, Frankfurt), Hendrik Westendorf (associate, Frankfurt)

Regulatory: Elena Marks (senior associate, Munich)

Banking & Finance: Doreen Pape (counsel, Frankfurt)