CMS advises Union Investment on acquisition of Rathaus-Galerie shopping centre from Credit Suisse

Hamburg – The Rathaus-Galerie shopping centre in Leverkusen, which offers 36,300 sq m of retail space, has a new owner. Union Investment has acquired the centre from Credit Suisse Asset Management Immobilien KAG. The property is part of the Melody portfolio, for which Union Investment signed a purchase agreement in December 2016. The transaction also includes an adjacent office and retail property comprising almost 2,200 sq m that is directly linked to Rathaus-Galerie. The properties were formerly held by CS EUROREAL, a fund managed by Credit Suisse AG which is now being wound up. The purchase price was not disclosed.

A CMS team headed by lead partner Dr Sebastian Orthmann advised Union Investment on all legal aspects of the transaction.

Established in 1965, Union Investment Real Estate GmbH has been part of the Union Investment Group since 2001 and is Germany's largest investment management company for open-ended real estate funds. The company's current portfolio includes 12 open-ended real estate funds with total assets of around EUR 30.9 billion across Europe, the Americas and Asia.

CMS Germany

Dr Sebastian Orthmann, Lead Partner, Real Invest
Christian Reuter, Partner
Dr Sebastian Huck, Senior Associate, both Projects
Fabian Kiderlen, Counsel
Dr Eva Heidemann
Stefanie Nagel, both Senior Associates
Florian Seelheim
Felix Stoecker
Dr Daniel Krey, all Associates, all Real Invest
Dr Benjamin Schirmer, Counsel
Dr Katayun Zierke, Associate, both Real Estate & Public
Dr Daniel Voigt, Partner
Sebastian Schwack, Counsel, both Banking & Finance
Christoff H. Soltau, Counsel
Dr Jan-Christoph Rudowicz, Associate, both Competition & EU

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