Heringsdorf pier on Usedom changes hands with support from CMS
Cologne – Heringsdorf pier on the island of Usedom has been sold by its current owner, a property company operated by Munich-based firm Litos Immobilien AG. Kriton Immobilien Service GmbH of Munich acted as asset manager for Litos on the transaction. The purchase price was not disclosed. A team from CMS Germany headed by lead partner Dr Christian Scherer-Leydecker provided advice and support to the buyer, a fund operated by a German insurance company, on all legal aspects of the transaction.
The 508-metre Heringsdorf pier is a well-known landmark and the longest structure of its kind in Germany. It was rebuilt 20 years ago following a fire in 1957 which destroyed the original Kaiser Wilhelm pier, which dated from the late 19th century. The property comprises a 400-metre-long pier with a landing stage for boats, a restaurant with panoramic views and numerous shops and holiday apartments.
CMS Hasche Sigle
Dr Christian Scherer-Leydecker, Lead Partner
Dr Oliver Kerpen
Jan Helge Mey
Dr Christoph Grenz, all Real Estate & Public
Dr Daniel Voigt
Dr Andreas Keller, all Funds Regulatory
Dr Michael Bauer
Philipp-Christian Scheel, both Competition & EU
Dr Johannes Traut, Employment
Dr Tillman Kempf
Ben Dörnhaus, all Tax