Heuking advises ILG on acquisition of local retail portfolio in Hesse
A team led by Dr. Frank Baßler and Klaus Weinand-Härer, both Partners at HEUKING, advised ILG Capital GmbH on the acquisition of a portfolio comprising three local retail centers in Hesse.
The portfolio, anchored by tenants Rewe and Rossmann, was acquired on behalf of an open-ended special AIF with fixed investment terms for professional and semi-professional investors, for which ILG acts as asset manager. In total, the properties offer some 8,200 square meters of rental space. The transactions were closed in December 2024.
The parties have agreed not to disclose the purchase price.
ILG group, an owner-managed company, is one of Germany’s leading specialists in retail real estate, with over 40 years of experience. Through its integrated approach encompassing capital management, asset management, property management, and center management, ILG provides comprehensive services covering all phases of a retail property’s lifecycle.
Counsel to ILG Capital GmbH
HEUKING:
Dr. Frank Baßler (Lead),
Veronika Straub (both Real Estate), both Stuttgart,
Bettina Neheider (Public Law), Munich,
Klaus Weinand-Härer (Lead, Tax), Frankfurt
![[Translate to English:]](/fileadmin/_processed_/a/4/csm_goldener_Bulle_u._Ba__r_Bo__rse_iStock_erweitert_LAYER_1ff015e760.jpg "[Translate to English:]")
