Noerr advises Allianz Real Estate on €500 m joint venture with real estate developer VGP

Noerr has advised Allianz Real Estate on establishing a 50:50 joint venture with the real estate developer VGP which is active throughout Europe. Allianz was advised by an interdisciplinary team of Noerr’s Real Estate Investment Group from Noerr offices in Germany, the Czech Republic, Slovakia and Hungary. The team was led by the partners Christoph Brenzinger, Dr. Tibor Fedke and Dr. Christoph Spiering.

The transaction value was more than €500 m. The joint venture has been set up to bundle the assets of projects developed by VGP in Germany, the Czech Republic, Slovakia and Hungary. The portfolio focusing on logistics and industrial properties will be continuously expanded. The joint venture will acquire projects exclusively developed by VGP.

Noerr LLP’s Real Estate Investment Group (REIG), which is led by Alexander Goepfert, consists of more than 60 experts from Noerr’s offices in Germany and CEE and from all disciplines of relevance to the real estate industry. With their interdisciplinary collaboration and network they have created a service offering which is unique in the real estate sector. Based on this approach, the REIG has over the past few years been able to continuously increase its market share.

Advisors to Allianz Real Estate: Noerr LLP

Christoph Brenzinger (Real Estate Investments, Düsseldorf), Dr. Tibor Fedke, Dr. Christoph Spiering (both Corporate/M&A, both Berlin, all lead), Björn Paulsen (Real Estate Investments, Berlin/Moscow), Barbara Kusak (Corporate/M&A, Prague, both lead CEE), Volker Bock (Dresden), Dr. Florian Ehrich (both Real Estate Investments, Berlin), Andreas Naujoks (Real Estate Finance, Frankfurt), Dr. Zoltán Nádasdy (Real Estate Investments, Budapest)

Associates: Katrin Andrä (Corporate/M&A, Berlin), Dr. Szilvia Andriska (Real Estate Investments, Budapest), Sonja Beier (Real Estate Investments, Düsseldorf), Dr. Julia Gerzen (Corporate/M&A), Petr Hrncir (Corporate/M&A), Eva Kratochvilova (Real Estate Investments, both Prague), Elfi Lüdecke (Real Estate Investments, both Berlin), Alexander Mühleisen (Real Estate Investments, Düsseldorf), Nadine Schawe (Corporate/M&A, Berlin), Dr. Maximilian Schulte (Real Estate Investments, Düsseldorf), Dr. Clemens Schönemann (Real Estate Investments), Philipp Takjas (Corporate/M&A, both Berlin), Milos Temel (Corporate/M&A, Prague), Martin Tupek (Corporate/M&A, Bratislava)