Greenberg Traurig has advised WERTGRUND Immobilien AG (Wertgrund) on the acquisition of a residential project development in Hanover for two funds managed by Wertgrund. The acquisition was structured through a forward deal. The notarization already took place at the end of 2020. With the granting of the building permits, the transaction is now implemented. On the 15,000-square-meter site, 165 apartments will be built, as well as some commercial units and a childcare centre. Construction is scheduled to begin by the end of 2022, with completion planned in two years. The total investment volume of the purchase is approximately EUR 50 million.
Greenberg Traurig comprehensively advised Wertgrund on all legal aspects in the areas of real estate/M&A and planning law.
Background:
Wertgrund has been a client for more than ten years. Greenberg Traurig has advised Wertgrund and the funds managed by Wertgrund on several transactions in the German real estate market.
Greenberg Traurig comprehensively advised Wertgrund on all legal aspects in the areas of real estate/M&A and planning law.
Background:
Wertgrund has been a client for more than ten years. Greenberg Traurig has advised Wertgrund and the funds managed by Wertgrund on several transactions in the German real estate market.
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