BERLIN - August 5, 2024 - Global law firm Greenberg Traurig Germany, LLP has advised HOWOGE Wohnungsbaugesellschaft mbH (HOWOGE) on the acquisition of ATOZ Facility Solutions GmbH (ATOZ). The parties have agreed not to disclose the purchase price.
With the acquisition of the property management service provider and its approximately 170 employees, HOWOGE continues its in-house strategy. HOWOGE is taking over ATOZ to carry out the facility management, including cleaning, caretaker services, green space maintenance and general maintenance, for around 25,000 flats under its own management. HOWOGE is one of six municipal housing companies in the state of Berlin. With its housing stock of around 76,400 flats (as of 31 December 2023), the company is one of the largest landlords in Germany.
Greenberg Traurig advised HOWOGE comprehensively on all aspects of the transaction. In particular, the legal team conducted the legal due diligence, assisted in the negotiation of the purchase agreements and prepared the contractual documentation.
Background:
The Greenberg Traurig Germany team regularly advises HOWOGE on transactions and project developments as well as on broadband supply issues for many years. Most recently, the lawyers advised HOWOGE on the purchase of around 4,500 flats and a 40-hectare potential site from Vonovia for a total of 700 million euros.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 47 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono initiatives. Web: www.gtlaw.com