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CMS advises Berenberg and Universal-Investment on acquisition of WilhelmGalerie in Potsdam

06/04/2017

Hamburg – Berenberg Real Estate Asset Management and Universal-Investment have acquired the WilhelmGalerie complex in Potsdam for a newly created real estate investment fund. The vendor is a fund managed by Deutsche Asset Management. Located in central Potsdam, WilhelmGalerie offers more than 15,000 square metres of mixed-use space. The property was acquired for the newly established Berenberg Real Estate Berlin fund. The purchase price was not disclosed.

A CMS team headed by lead partner Dr Sebastian Orthmann provided legal and tax advice on this first acquisition for the fund.

Hamburg-based Berenberg was established in 1590 and now has more than 1,500 employees. It is a leading European private bank in the areas of Wealth Management, Asset Management, Investment Banking and Corporate Banking. The bank’s real estate focus is primarily on identifying suitable properties for structuring both open-ended and closed-ended alternative investment funds (AIF) as defined in the German Investment Code (Kapitalanlagegesetzbuch – KAGB). Ongoing asset management is carried out by Berenberg Real Estate Asset Management, a Berenberg Group company.

With assets under management of around EUR 300 billion and some 650 employees, Universal-Investment is one of the largest independent investment companies in the German-speaking world. Established in 1968, the Universal-Investment Group is headquartered in Frankfurt am Main. Through its core services of administration, insourcing and risk management, it focuses on managing funds, securities, alternative investments and real estate (information current at 28 February 2017).

CMS Germany

Dr Sebastian Orthmann, Lead Partner, Real Invest
Dr Hans-Fabian Kiderlen, Counsel
Dr Sebastian Huck, Senior Associate
Felix Stoecker
Florian Seelheim, both Associates, all Real Invest
Dr Benjamin Schirmer, Counsel, Public
Roland Wutzke, Partner
Michaela Ott, Senior Associate, both Tax

Press Contact
presse@cms-hs.com 

Real Estate & Public
Press releases
Pressemitteilung WilhelmGalerie, 06/04/2017
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Related people

Portrait ofSebastian Orthmann
Dr. Sebastian Orthmann, EMBA (M&A)
Partner
Hamburg
Portrait ofHans Fabian Kiderlen
Dr. Hans Fabian Kiderlen
Principal Counsel
Hamburg
Dr. Sebastian Huck, LL.M. , UWE Bristol
Dr. Felix Stoecker, LL.M. (University of Stellenbosch)
Florian Seelheim
Dr. Benjamin Schirmer
Roland Wutzke
Dr. Michaela Ott, Dipl.-Kauffrau
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