A team of Gleiss Lutz lawyers has advised the real estate investor Optimum Asset Management on the sale of 372 apartments, 26 commercial units and accompanying parking spaces in the Kreuzberg Nord social conservation area to HOWOGE Wohnungsbaugesellschaft mbH. The buildings at Mehringplatz 12-14, Friedrichstrasse 246 and Wilhelmstrasse 2-6 were offered for sale in a bidding process by a Luxembourg-based property company managed by Optimum Asset Management S.A. The parties have agreed not to disclose the purchase price.
Optimum Asset Management is a boutique real estate investment management firm with assets under management in excess of EUR 1.5 billion. Optimum specialises in high-quality assets in established real estate markets. This approach creates an attractive risk-reward profile for Optimum’s institutional investors, which include pension funds, foundations and insurance companies. The company, which is headquartered in Luxembourg, has a strong presence in Germany and the US with offices in Berlin, Hamburg, New York and Miami.
The following Gleiss Lutz team advised Optimum on the transaction: Dr. Tim Weber (partner, lead, Real Estate Transactions, Frankfurt), Dr. Jacob von Andreae (partner, Public Law, Düsseldorf), Svenja Heck, Maximilian Leisenheimer (all Real Estate Transactions, Frankfurt), Dr. Stefan Mayer (partner), Dr. Ocka Stumm, Dr. Dominik Monz (all Tax, Frankfurt), Kristina Müller (Public Law, Berlin).
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