NEWS

Building Site

WFW advises ImmobilienWerte Hamburg on the acquisition of the “Emaillierwerk” shopping centre

22 May 2014

EN | DE

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised investment management company ImmobilienWerte Hamburg on the acquisition of the “Emaillierwerk” shopping centre in Fulda, Germany. The seller is project developer OFB Projektentwicklung (“OFB“).

Developed by OFB and completed in 2011, the shopping centre, with a retail area of 17,000 sqm and 550 customer parking spaces, has been leased to both specialists and local retail stores on a long-term basis.

WFW provided comprehensive advice to ImmobilienWerte Hamburg on all legal and tax aspects throughout the transaction, including the execution of due diligence, leading contract negotiations, and advising on structuring matters and regulatory issues.

ImmobilienWerte Hamburg(formerly Fondshaus Hamburg) is a joint venture between C. J. Ahrenkiel and Hochtief Projektentwicklung.

The WFW Hamburg deal team was led by partner Dr. Sebastian Baum (Corporate). He was supported by partners Gerrit Bartsch (Tax) and Dr. Christine Bader (Regulatory), as well as associates Florian Leonhard (Corporate), Timo Kopmann (Tax) and Alexander Schroer (Real Estate).

WFW Hamburg Corporate partner Dr. Sebastian Baum said: “We are delighted to have advised ImmobilienWerte Hamburg on this complex matter, comprising many specific real estate- and tax-related issues. Due to our established and well-functioning client relationship with ImmobilienWerte Hamburg, as well as the experienced interdisciplinary cooperation with WFW’s tax team, we were able to close this transaction in a very timely and efficient manner.”