Comment: One year after launching in Germany, this firm respected in real estate is making inroads in the real estate scene. Competitors and clients praise the founding partners, who came from Ashurst, as “a well-rehearsed, outstanding team”. Top clients like Cerberus, Castlelake and WCM followed them to GP. For Gramercy, the firm handled the sale of a pan-European, billion-euro logistics portfolio. GP also won over some new clients, e.g. Slate Asset Management and M-Port, where it made good use of the firm’s international network in client pitches. A tax partner who joined last year, also from Ashurst, fleshes out the transaction practice’s advisory spectrum nicely.
Development potential: The partners succeeded in transferring the renown built up at Ashurst to the new firm. Consistent practice development is now called for if the practice is to sustain its position against larger outfits and take on the network activity aimed for.
Recommended: Marc Bohne, (“impressive”, “great jurist”, competitors); Peter Junghänel (“great guy, fantastic expertise”, client; “solution-focused, pleasant to work with”, “in-depth market knowledge”, competitors), Dr. Stephan Kock (“top finance specialist”, competitor).
Practice: Structuring and implementation of real estate funds, joint ventures and listed real estate stock corporations and REITs. Transactions, incl. financing. Rental and leasing law, asset management. Also restructuring. Interface with private equity. (2 partners, 6 associates, plus finance)
Clients: ?? WCM on acquisition of retail portfolio; Slate on acquisition of over 70 retail properties; Gramercy Europe on sale of logistics portfolio; Castlelake on acquisition of 68 plots; Cerberus on transactions and asset management.
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