LATHAM & WATKINS

Comment: A recommended real estate practice focusing on advice to PE clients. Notable investors like Angelo Gordon feature in the solid client list. New players are also banking on the team’s expertise, e.g. Proprium Capital for advice on entering the German market. A series of big-ticket transactions for Azure and Hanse Merkur showed how the client portfolio stretches beyond the PE focus. Although competitors frequently reduce L&W to transaction work, it offers all-round real estate advice, incl. rent law and project development. This is possible thanks to a strong team of counsel, who are held in high esteem for their independent client work within their areas of expertise, esp. Fuerst and Griesbach, whom clients and competitors praise for their “good conducting of negotiations”. L&W had lots to do in finance too, incl. advice to regular client Bouwfonds on a number of deals, and also added banks to the client list.
Strengths: Advice to ?private equity investors.
Recommended: Dr. Holger Iversen (“pleasant to work with”, competitor), Dr. Christian Thiele (“excellent negotiator and very pleasant cooperation of a high standard”, competitor); Dr. Stefanie Fuerst, Annette Griesbach.
Practice: Focus on advice to institutional and ?private equity investors, real estate finance (predominantly investors). Investment and ?tax law. (2 partners, 6 counsel, 11 associates)
Clients: ?? Proprium on acquisition and financing of 2 portfolios; Hanse Merkur on acquisition and financing of German-Austrian portfolio; Tengelmann on rent law; all-round advice to Morgan Stanley RE regarding Christie portfolio sale; Azure on sale of Radisson Blue Hotel Dammtor and ongoing advice on hotel deals.
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