Gleiss Lutz advises capital investment division of a large Swiss insurance group on its purchase of a healthcare real estate portfolio from Threestones Capital Management

A team of Gleiss Lutz lawyers has advised a healthcare fund set up in 2020 and managed by a leading European asset manager belonging to a Swiss insurance group in connection with the purchase of a portfolio consisting of 27 properties. The seller of the portfolio is Threestones Capital Management S.A., Luxembourg. The 27 properties that make up the portfolio are mainly residential care homes located across eleven of the sixteen federal states. The annual rental income amounts to some EUR 18.4 million and is secure thanks to the well-established operators. The remaining term of about 16 years as an average of all the lease agreements. This is one of the largest healthcare transactions in Germany in 2020.

The following Gleiss Lutz team advised the buyer on the transaction: Dr. Tim Weber (partner, Real Estate/M&A, Frankfurt), Dr. Johann Wagner (partner, Tax, both lead), Konrad Discher (counsel, Berlin), Svenja Heck, Michael Neher, Maximilian Leisenheimer (all Real Estate), Nina Ahlert (M&A, all Frankfurt), Dr. Thomas Bücheler, Dr. Philip Niemann (all Hamburg), Dr. Dominik Monz (Frankfurt, all Tax), Dr. Burkhard Jäkel (partner), Vanessa Bayliss (counsel, Finance, Frankfurt), Dr. Jacob von Andreae (partner), Dr. Lars Kindler, Kristina Müller (all Public Law, Düsseldorf), Dr. Birgit Colbus (counsel), Dr. Saskia Kirchgeßner (both Competition/Antitrust, Frankfurt).