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CMS advises British listed real estate investment company CLS on portfolio acquisition

29/01/2021

Hamburg/Stuttgart – CLS Holdings plc. has acquired a portfolio of three properties via a vehicle by way of a share deal through three separate real estate companies. The portfolio comprises office properties at Hansaallee 299 in Dusseldorf, Storkower Strasse 132 in Berlin and Wendenstrasse 408 in Hamburg. The total lettable area of the three properties adds up to more than 32,000 sq m.

A CMS team headed by lead partners Dr Sebastian Orthmann and Dr Dirk Rodewoldt provided comprehensive legal advice to CLS on the transaction.

CLS Holdings plc., based in London, is a FTSE 250 investment company for commercial real estate with a £2.1bn portfolio. CLS specialises in office space. Current assets comprise over 668,000 sq m of future-focused workspace in the UK, Germany and France. The company currently has more than 760 tenants, including blue-chip organisations and government departments. The investment company is listed on the London Stock Exchange main market since 1994.

CMS Germany

Dr Sebastian Orthmann, Lead Partner
Dr Dirk Rodewoldt, Lead Partner
Dr Simon Marschke, Principal Counsel
Laura Moosleitner, Senior Associate
Sandra Scheib, Senior Associate, all Real Estate & Public
Dr Christoph Löffler, Senior Associate, Corporate/M&A

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Related people

Sebastian Orthmann
Dr. Sebastian Orthmann, EMBA (M&A)
Partner
Hamburg
Dirk Rodewoldt
Dr. Dirk Rodewoldt, MRICS
Partner
Stuttgart
Simon Marschke
Dr. Simon Marschke
Principal Counsel
Stuttgart
Laura Moosleitner
Laura Moosleitner
Senior Associate
Hamburg
Sandra Scheib
Sandra Scheib
Senior Associate
Stuttgart
Christoph Löffler
Dr. Christoph Löffler
Senior Associate
Leipzig
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