CMS advises GRR GARBE Retail Real Estate on acquisition of eight local shopping centres

Hamburg – GRR GARBE Retail Real Estate GmbH has acquired a portfolio of eight food-and-drink-focused local shopping centres across Germany for one of its funds. The properties are on long-term leases to leading food-and-drink chains and enjoy broad diversification and continuous demand.

A CMS team led by Dr Sebastian Orthmann and Dr Franz Maurer assisted with the acquisition as the fund's long-standing legal advisor and provided comprehensive legal and tax advice. The range of services provided by CMS included performing due diligence, drafting and negotiating the purchase agreement and advising on tenancy law issues as part of a sale-and-leaseback. The law firm contributed its expertise in the areas of property law, tax law and contract drafting and ensured that the transaction was implemented in compliance with the law.

GRR GARBE Retail Real Estate is a pan-European asset and investment management company that is responsible for the fund and specialises in retail properties. Since the beginning of 2024, GRR has been part of GARBE, an owner-operated real estate company from Germany with over 600 employees at 20 locations in 13 countries and around EUR 15 billion in property assets.

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