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CMS advises Coherent on sale-and-leaseback of ROFIN-SINAR Laser site in Hamburg to BRIGHT Industrial Investment

05/10/2020

Frankfurt am Main – Coherent has sold its Billbrookdeich site in Hamburg to BRIGHT Industrial Investment. The site is used by ROFIN-SINAR Laser GmbH, a member of the group of companies headed by laser specialist Coherent. Following the sale-and-leaseback agreement, Coherent will retain its presence at the site through ROFIN-SINAR Laser GmbH. A total of EUR 35 million will be invested in the purchase and development of the 29,000 square metre site at Billbrookdeich. Building work is scheduled to begin at the end of 2021, with the project expected to be completed in 2023.

A CMS team headed by Dr Tobias Kilian (Lead) and Dr Heike Wagner (Client Relationship Partner) advised Coherent on all legal aspects of the transaction. Coherent is a longstanding CMS client and regularly relies on the law firm’s expertise, including when acquiring the ROFIN-SINAR Group whose site in Hamburg is now the subject of this transaction.

Based in Santa Clara, California, Coherent is one of the world’s leading providers of laser solutions and optics for the microelectronics, life sciences, industrial manufacturing and scientific markets. The company is listed on NASDAQ and part of the Russell 1000 and Standard & Poor’s MidCap 400 Index.

BRIGHT Industrial Investment, which is headquartered in Berlin, is a real estate company focusing on project development, investment and asset management. With operations throughout Germany, the firm specialises in real estate projects in the light industrial and secondary office segments.

CMS Germany

Dr Tobias Kilian, Of Counsel, Lead
Dr Heike Wagner, Client Relationship Partner, both Transactions/M&A
Heinrich Schirmer, Partner
Dr Franz Maurer, Senior Associate, both Real Estate
Dr Markus Pfaff, Partner
Christopher Heckel, Associate, both Banking & Finance
Dr Katja Küpper, Counsel, Construction
 

Press Contact
presse@cms-hs.com

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