Leipzig – The Berlin-based project developer Bauwert AG has entered into a strategic partnership with the Hungarian WING Group and the international investment and asset manager Griffin Capital Partners, in the course of which the two investors have acquired 60 percent of the shares in Bauwert AG. The remaining 40 percent of the shares will remain in the ownership of the company's previous shareholders. As a result of the transaction, WING Group will hold a majority stake in Bauwert AG and thus continue its international expansion strategy. Bauwert AG will retain and further expand its current business model, the development of high-quality residential and commercial properties. The parties involved have agreed not to disclose further details of the transaction.
A CMS team led by Dr Jochen Lux provided comprehensive legal advice to the shareholders of Bauwert AG on this transaction. Bauwert AG and its shareholders have relied on the expertise of CMS for some time, most recently, for example, in the entering into of a project development joint venture for the development of a new urban quarter in Berlin-Johannisthal with around 1,800 apartments.
CMS Germany
Dr Jochen Lux, Lead Partner, Leipzig
Peter Ollesch, Counsel, Leipzig
Madeline Göbel, Associate, Leipzig
Benedikt Pittrof, Senior Associate, Leipzig, all Corporate/M&A/Real Invest
Jesko Nobiling, Partner, Berlin, Tax Law
Dr Rolf Hempel, Partner, Stuttgart
Martin Cholewa, Counsel, Stuttgart, both Competition & EU
Dr Andreas Otto, Partner, Berlin
Gerd Schmidt, Partner, Leipzig
Johannes Bescher, Berlin, Counsel
Dr Laura Victoria Moser-Lange, Senior Associate, Berlin, all Real Estate & Public
Dr Anja Naumann, Partner, Leipzig, Labor, Employment & Pensions
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