FRESHFIELDS BRUCKHAUS DERINGER

Comment: More often than any other, this firm, highly recommended in real estate, was seen in the year’s top deals. These included the billion-euro sale of Office First for IVG and the acquisition of the Frankfurt TaunusTurm for a consortium around Tishman Speyer. Advice to Brookfield and Starwood on the sale of the former Interhotel Group for €800m is evidence of the team’s in-demand hotel expertise. FBD stepped up project development activity, e.g. advising Gruner + Jahr concerning the new publisher’s building in HafenCity and project developer FOM regarding the new Allianz-Campus in Berlin. The reason for the practice’s constant success, besides FBD’s outstanding reputation for big-ticket deals, is its close cooperation with the ?finance, ?corporate, ?tax and public law practices, which puts it in a good position to tackle the growing complexity of instructions. “Freshfields has a first-class name in every field,” praised a competitor. By signing a cooperation agreement with Leverton, the firm was one of the first in the market to commit to using legal tech in the due diligence process.
Strengths: Many years of sector-oriented, integrated advice; broad spectrum of finance experience; transactions.
Recommended: Dr. Johannes Conradi (“a big name in Hamburg”, client; “negotiating with him is fun”, “very strong expertise, always collegial and target-oriented”, “very good contacts in the sector”, “a charming pro”, competitors), Dr. Niko Schultz-Süchting, Dr. Timo Elsner (“strong expertise on the interface with asset-based real estate regulatory law and transactions”, client on both; “established himself very well in the market”, “thoroughly pleasant”, competitors).
Practice: Focus on transactions, ?bank lending and acquisition finance (incl. funds). Also project development and plant construction, public law, ?public procurement, ?debt issues and structured finance, ?investment funds. (5 partners, 1 counsel, 26 associates)
Clients: ?? IVG Immobilien on sale of Office First to Blackstone; Brookfield and Starwood on sale of former Interhotel Group to FDM; consortium around Tishman Speyer on acquisition of TaunusTurm; Garbe on sale of Giant portfolio (logistics) in Germany and the Netherlands; GIC on JV agreements with Global Student Accommodation concerning acquisition of student housing portfolios.
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