With a team led by Dr. Armin Freiherr von Grießenbeck, Partner at its Munich office, Heuking Kühn Lüer Wojtek advised Realogis Real Estate on the acquisition of two newly developed logistics facilities in Waiblingen near Stuttgart and in Langenau near Ulm. The seller of the logistics property portfolio of some 31,500 square meters is Habacker Holding. The purchase price was not disclosed.
Following a bidding competition, Heuking Kühn Lüer Wojtek was retained by Realogis for the first time and performed the entire legal and tax due diligence prior to the acquisition. Heuking’s advisory team led all contract negotiations and advised until closing.
The two centrally located logistics facilities are leased to Deutsche Post DHL as well as to Bosch Rexroth AG and Schäflein Logistics GmbH Ulm on a long-term basis. With this property portfolio and further planned acquisitions, Realogis Real Estate is expected to invest another EUR 100 million in 2015.
Munich-headquartered Realogis Real Estate GmbH specializes in the logistics real estate sector. The "REALOGIS Real Estate Logistics Fund - Germany" fund focusing on Germany with a gross investment volume of some EUR 250 million invests in new, modern logistics properties for third-party use and in existing properties that are characterized by their good location.
Habacker Holding GmbH & Co. KG plans, builds, and manages logistics and industrial properties. The Düsseldorf-based family company handles numerous logistics real estate projects at over 20 locations in Germany with more than 100 tenants. It manages a real estate portfolio valued at some 600 million euros with a leasable area of about 1.1 million square meters.
Counsel to Realogis Real Estate
Heuking Kühn Lüer Wojtek:
Dr. Armin Freiherr von Grießenbeck (Lead),
Fabian Gerstner, LL.M. (all Real Estate & Construction, Munich),
Dr. Marc P. Scheunemann, LL.M. (Taxes, Düsseldorf),
Dr. Peter Vocke,
Christoph Nöhles, LL.M,
Christoph Brand (all Real Estate & Construction, Düsseldorf)