Gleiss Lutz advises Allianz on the sale of major real estate portfolio

Following the sale of one of its property portfolios to IVG in August 2007, Allianz Immobilien GmbH has now sold a further commercial real estate package comprising 190 office properties worth an estimated EUR 1.7 billion in a bidding procedure. The portfolio was purchased by subsidiaries of Whitehall Funds, real estate funds, held and managed by Goldman Sachs. Notarisation was on December 20, 2007, and closing slated for 2008.

The following Gleiss Lutz team represented Allianz: Dr. Johannes Niewerth (partner, real estate) and Dr. Fred Wendt (partner, corporate) (both lead, Berlin), Dr. Helge Kortz (partner, financing, Frankfurt), Dr. Olaf Otting (partner, fund structure, Frankfurt), Christian Steinke (partner, real estate, Berlin), Peter Steffen Carl (partner, corporate, Berlin), Dr. Ulrich Denzel (antitrust, Stuttgart), Dr. Yvonne Kerth (real estate, Stuttgart), Dr. Viktoria Kress, Dr. Nadine Queck (both real estate, Berlin) and Dr. Charlotte Beck (labour law, Berlin).