Comment: This firm is recommended in real estate and once again showed its strength in high-volume and international transactions. GL advised new client Pradera on its €900m acquisition of 25 retail parks from seller Ikea. The firm often advises on project development as well, e.g. a housing area for new client WerkBundStadt in Berlin. The real estate team works closely with the finance practice, which could chalk up the financing of East Side Mall in Berlin for RFR as a success. The rise in the number of banks on the client list underscores the positive development seen by the real estate finance practice.
Strengths: Transactions.
Recommended: Dr. Tim Weber (“good and enterprising”, competitor), Dr. Johannes Niewerth, Dr. Bernhard Busch, Dr. Detlef Schmidt (esp. as notary).
Practice: Transactions and project development and plant construction. Also ?finance. Established notary office in Berlin. (9 equity partners, 5 salary partners, 3 counsel, 15 associates, incl. finance/tax/corporate)
Clients: ?? Pradera on acquisition of real estate portfolio from Ikea; RFR on acquisition of 3 properties on Leipziger Platz and financing East Side Mall; A.T.U on negotiating rental contracts and restructuring; WerkBundStadt on developing housing area in Berlin; Resolution Property on acquisition of Estrella building.
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