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Eversheds Sutherland advises HBB Hanseatische Betreuungs- und Beteiligungsgesellschaft on joint venture for the acquisition of the Rathaus Galerie shopping centre in Essen

  • Germany

    11-09-2019

    Led by Partner Maximilian Findeisen a multi-jurisdictional team from Eversheds Sutherland has advised HBB Hanseatische Betreuungs- und Beteiligungsgesellschaft mbH (HBB) in Hamburg on the formation of a joint venture with the London-based private equity real estate platform Henderson Park for the acquisition of the Rathaus Galerie, a 31,000 sqm freehold shopping centre in downtown Essen. With the joint venture, HBB and Henderson Park are pursuing a strategic turnaround including a comprehensive refurbishment. HBB will be responsible for the future centre and asset management of the real property. For Henderson Park, this is the first real estate investment in Germany. The joint venture envisages further investments in the German real estate market.

    Eversheds Sutherland advised HBB across jurisdictions in Germany and Luxembourg with respect to the formation of the joint venture as well as the contractual documentation for the future centre and asset management of the shopping centre.

    “We are very glad to have advised HBB on this strategically important investment and to have showcased our special expertise regarding real estate joint ventures involving Germany and Luxembourg” stated Maximilian Findeisen.

    The Eversheds Sutherland team which advised on the transaction was led by Partner Dr. Maximilian Findeisen (corporate/M&A, Dusseldorf) and included Dr. Stefanie Fuerst (Partner), Annette Griesbach (Counsel, both real estate, Hamburg), Sven Schweneke (Partner, corporate/M&A, Munich), Holger Holle (Partner, corporate/M&A, Luxembourg), Olivier Gaston-Braud (Partner, tax, Luxembourg) as well as associates Christian Wensing, Stefan Koch (both corporate/M&A, Dusseldorf) and Yasman Ekrami (corporate/M&A, Luxembourg).

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