Multi Germany takes over management of six additional shopping centers
A team led by Dr. Michael Alberts and Dr. Robert Güther, both Partners at Heuking Kühn Lüer Wojtek, comprehensively advised Multi Germany GmbH on taking over the management of six shopping cen-ters with about 30 employees from the Koprian iQ portfolio. The transaction took effect on July 13, 2022. The acquisition is expected to generate significant growth and synergy effects, with the portfolio managed by Multi Corporation in Germany and the Benelux countries now comprising 32 retail proper-ties.
Multi Germany GmbH is a member of Multi Corporation, an integrated service platform for retail real estate assets. Founded in 1982, the company manages more than 80 properties across Europe, wel-coming over 400 million customers annually to over 6,000 stores, restaurants, and leisure attractions. As a result of the acquisition, Multi has now also established a presence in the capital Berlin and in Pots-dam. In March, Multi Germany had completed a management buyout after being owned by Blackstone for around a decade. The takeover of the Koprian iQ assets is a further sign of the growth trend of the independent Multi Germany corporation.
Counsel to Multi Germany GmbH
Heuking Kühn Lüer Wojtek:
Dr. Michael Alberts (Lead, Real Estate), Düsseldorf
Dr. Robert Güther (Lead, Insolvency and Real Estate), Berlin
Mathis Dick, LL.M. (Real Estate and General Contract Law), Düsseldorf
Dr. Patrick Müller, LL.M. (Corporate), Düsseldorf
Christoph Hexel (Employment), Düsseldorf
Dr. Christopher Wiencke (Employment), Berlin
Sebastian Eibich (Tax), Frankfurt