Comment: A firm highly recommended in real estate which was involved in numerous transactions, incl. big-ticket deals, where it benefits from three factors: its unusually large team, its investment law expertise, which is praised by competitors, and, gradually, its young Luxembourg office. GSK is increasingly seen in cross-border transactions, esp. share deals. One example is GSA/GIC, which GSK advised on one of the largest acquisitions of student housing in the UK via Luxembourg. GSK carved out a position in the increasingly sought-after asset class of hotels, as shown by its work on the sale of Nikko hotel in Düsseldorf on behalf of Art-Invest. Five partner appointments underscore the practice’s success.
Strengths: Broad approach enabling all-round real estate advice.
Development potential: GSK increasingly works internationally but will need to find a replacement for its most important network partner, Nabarro, which merged with CMS and Olswang in the UK, to ensure business does not stagnate.
Recommended: Dr. Rainer Stockmann, Dr. Michael Eggersberger (“a respected peer”, competitor), Dr. Lorenz Claussen, Dr. Rainer Werum (“strong expertise in the regulatory field”, “funds expert who understands his trade”, competitors), Dr. Stefan Koser (“highly experienced in work for financers”, “pragmatic approach”, competitors), Dr. Dirk Brückner, Sascha Zentis (“excellent and experienced peer”, competitor), Dr. Michael Jani, Dr. Olaf Schmechel (“pragmatic and solution-oriented”, competitor).
Practice: Focus on project work, transactions. Also finance/funds. The firm is also involved in commercial rent law and (closed-end) funds. Expertise in ?environmental and planning law, project development and plant construction, ?construction and notary work. (14 equity partners, 3 salary partners, 1 counsel, 1 of counsel, plus associates, plus construction)
Clients: ?? Art-Invest on acquisition of Nikko hotel in Düsseldorf; AviaRent on portfolio and single-asset transactions for healthcare and student housing real estate; Blackstone on acquisition of Loopsite in Munich, incl. rent law and public law; EQT on acquisition of Bilfinger construction and real estate business; all-round advice to subsidiary of state of Berlin on sale of Steglitzer Kreisel high-rise.
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