Heuking Kühn Lüer Wojtek advises Silverlake on the acquisition of 104 apartments in Hagen
Silverlake Real Estate Group GmbH acquired a portfolio of 104 residential units with a total area of some 10,000 square meters in Hagen in the Ruhr area. A team led by Düsseldorf-based partner Dr. Peter Vocke advised Silverlake on the transaction. The seller is a local private portfolio holder. The 13 multi-family houses date from 1971 to 1998 and are fully rented.
This year, Silverlake has spent EUR 35 million on acquisitions to date. The annual target is EUR 50 million. At the beginning of 2018, the company had acquired 38 apartments in Düsseldorf for EUR 8 million.
Silverlake Group is a Düsseldorf-based real estate investor founded by John Bothe, who is the company’s General Manager. In recent years, the company has invested extensively in residential and commercial properties and intends to expand its portfolio of existing properties. Silverlake is operating in project development and portfolio development as well as asset management and land development. It is advised by Dr. Vocke and his team on real estate transactions and financing on a regular basis.
Counsel to Silverlake Real Estate Group GmbH
Heuking Kühn Lüer Wojtek:
Dr. Peter Vocke (Lead)
Christoph Nöhles, LL.M.
Fabian Schmitz (all Real Estate), all Düsseldorf