The owners of CentrO acquired an adjacent property housing a SinnLeffers department store. A team led by real estate law expert Dr. Peter Vocke and corporate and finance law expert Dr. Christoph Wetzler of Heuking Kühn Lüer Wojtek advised the owners of CentrO Oberhausen, a joint venture of U.K.-based Stadium Group and Canadian pension fund Canadian Pension Plan Investment Board (CPPIB), on the acquisition and equity financing of the SinnLeffers real property. The property borders directly on the CentrO property. The lawyers had already advised the owners on the acquisition of Kaufhof at CentrO and CentrO's high-volume refinancing in 2012. The team that joined Heuking Kühn Lüer Wojtek at the beginning of 2013 with a total of nine lawyers in Düsseldorf and Frankfurt, has been advising the founders and joint owners of CentrO, British Stadium Group, already since the development phase in 1991, including on the partial sale to joint venture partner CPPIB in 2011.
CentrO, opened in 1996 with 160,000 square meters of leasing surface and 17,000 square meters of extension surface, lies in the heart of the Ruhr district and consists of different project parts: the shopping center with 200 retail businesses as well as 22 bars and restaurants, an arena with 12,000 seats, a recreational park, and a business park.
Counsel to Owners of CentrO Oberhausen
Heuking Kühn Lüer Wojtek, Düsseldorf
Dr. Peter Vocke (Lead),
Christoph Nöhles, LL.M., (both Real Estate Law)
Heuking Kühn Lüer Wojtek, Frankfurt
Dr. Christoph Wetzler (Lead),
Dr. Till Naruisch, LL.M., (both Corporate and Finance)