Practice Areas - Real Estate Law Firms and Lawyers
Deal Date: | 13-01-2014 | Practice Area: | Real Estate |
Deal Title: | Meyer Bergman Acquisition of the Karstadt Department Store, Berlin | Industry: | Real Estate Investment & Services |
Description: |
International law firm Simmons and Simmons advised investment manager Meyer Bergman on the acquisition and financing of the Karstadt Department Store at Berlin's Hermannplatz from investment consortium Highstreet Holding.
The 90.000 sq m building is one of the largest city-centre department stores in Germany and has been purchased by the Meyer Bergman managed Meyer Bergman European Retail Partners II fund. The store itself is adjoined by a multi-storey car park with space for 680 vehicles and integrates a block for office and residential use.
Meyer Bergman is a real estate investment management firm headquartered in London which specialises in retail real estate.
The Simmons and Simmons team was led by Banking partner Stefan Schramm who already advised Meyer Bergman on a number of investments in Germany. He was assisted by Real Estate Counsel Matthias Wagner and Banking Associate Caroline Glanzel.
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Financial Center: | Frankfurt | Value: | 0.00-0.00 |
Advised Party: | Purchaser | Law Firm | Simmons & Simmons |
Real Estate Jurisdiction | Germany | Purchaser Jurisdiction | United Kingdom |
Classification: |
Real Estate Acquisitions and Disposals Shopping Centre |
Lawyer | Stefan Schramm |