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CMS advises REVCAP joint venture on financing acquisition of City Carré in Magdeburg

08/06/2017

Frankfurt am Main – London-based investment firm REVCAP has acquired the City Carré building in Magdeburg. The vendor was WealthCap, acting on behalf of H.F.S. Immobilienfonds Deutschland 12.

The office building has a total rental area of some 135,000 square metres and incorporates a shopping mall. The purchase price is in the triple-digit million range. The exact amount was not disclosed.

The value-add property comprises more than 91,000 square metres of office space and 30,000 square metres dedicated to retail. It also includes a CinemaxX cinema covering almost 8,000 square metres, 4,500 square metres of storage space and an underground car park offering over 1,600 parking spaces.

A CMS team headed by lead partner Dr Markus M. Pfaff advised REVCAP on all legal aspects of financing the acquisition.

REVCAP is a real estate investor operating throughout Europe, with offices in Frankfurt, London, Paris and Stockholm. Established in 2004, the firm initiates and finances property investments through joint ventures with local operating partners. Since inception, REVCAP has generated an exposure to more than EUR 6 billion of real estate assets, with Germany accounting for more than a quarter of the amount.

H.F.S. Immobilienfonds Deutschland 12 GmbH & Co. KG is a closed-end real estate fund with its registered office in Munich.

Headquartered in Munich, WealthCap is an expert provider of closed-end real asset funds in Germany. The company’s focus is on developing fully regulated products.

CMS Frankfurt

Dr Markus M. Pfaff, Lead Partner
Sebastian Bergenthal, Counsel
Dr Florian Banke, Senior Associate, all Banking & Finance

Press Contact
presse@cms-hs.com

Banking&Finance
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Press Release REVCAP, 08/06/2017
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Related people

Portrait ofMarkus M. Pfaff
Dr. Markus M. Pfaff
Partner
Frankfurt
Sebastian Bergenthal, LL.M. (University of Stellenbosch)
Dr. Florian Blanke