Gleiss Lutz advises Europa Capital on the formation of two joint ventures
A Gleiss Lutz team has advised Europa Capital, a pan-European real estate investor, on the formation of two joint ventures.
Together with the Berlin-based asset manager Skjerven Group, which specialises in residential real estate, Europa Capital founded a joint venture aimed at investing in the Berlin residential real estate market. The aim is to acquire a broad portfolio of residential properties in and around Berlin with short to medium-term appreciation opportunities and a total value of around 150 million euros.
Together with real estate investor Cromwell Property Group, that operates in Australia, New Zealand and Europe, Europa Capital founded a logistics joint venture. The joint venture is to acquire logistics properties and portfolios throughout Germany. The target value of the logistics joint venture amounts to EUR 150 million.
Based in London, Europa Capital has launched a total of 13 real estate funds since 1995 and been involved in more than 130 transactions with more than 12.5 billion euros in 21 European countries.
Europa Capital was advised by the following team of Gleiss Lutz lawyers: Dr Johannes Niewerth (partner, lead, Hamburg), Dr Jonas Rybarz (counsel), Fabienne Mochow (both Berlin), Lesley Milde (Hamburg, all Real Estate/M&A), Dr Christian Hamann (partner, Berlin), Dr Manuel Klar (Munich, both Data Protection), Dr Marc Ruttloff (partner), Dr Daniel Couzinet (both Stuttgart, both Public Law/Constitutional Law).