Heuking Kühn Lüer Wojtek advises Domicil on sale of start portfolio for residential fund
A team led by Dr. Peter Vocke advised Domicil Real Estate Group on the sale of a portfolio consisting of eight existing properties, mainly in A-list cities with a total of almost 500 apartments. The portfolio, worth EUR 86 million, was bought by cooperation partner Wealthcap for its first fund, “Spezial Wohnen 1.” The properties are located in Düsseldorf-Hellerhof, Hamburg (Wandsbek and Borgfelde), Berlin (Treptow-Köpenick), Bielefeld-Jöllenbeck, and Gelsenkirchen-Mitte.
The “Spezial Wohnen 1” fund has a target investment volume of EUR 200 million. Domicil acts as investment manager and assumes technical asset management and revaluation of the properties. Wealthcap is responsible, among other things, for commercial and strategic asset management, fund administration and sales.
Domicil Real Estate Group is a medium-sized investment and service company. Its core business is investment management in the residential and commercial asset classes. Clients include private investors and companies in the financial services sector as well as institutional investors such as family offices, banks, insurance companies, and pension funds.
Counsel to Domicil Real Estate Group
Heuking Kühn Lüer Wojtek:
Dr. Peter Vocke (Lead),
Christoph Nöhles, LL.M.,
Fabian Schmitz (all Real Estate & Construction),
Dr. Tobias Plath, LL.M. (Insurance), all Düsseldorf
Fabian Gerstner, LL.M. (Public Law), Munich