Berlin – Austrian firm Semper Constantia Immo Invest GmbH has acquired a 4-star hotel with care accommodation on behalf of its real estate fund SemperReal Estate. The property is located in the Friedrichshain district of Berlin and is let on a long-term lease. It comprises 133 hotel rooms with around 11,000 square metres of usable space together with 156 beds in the care section, with some 5,000 square metres of usable space. The hotel also includes six function rooms, two restaurants, a bar and terrace, as well as 27 underground parking spaces. The purchase price was not disclosed.
A CMS team headed by lead partner Dr Matthias Kuß advised Semper Constantia on all legal aspects of the transaction. For some time now, CMS has been successfully advising the fund on developing its real estate portfolio in Germany. The team led by Dr Matthias Kuß has advised on a range of acquisitions this year, including two new build projects in Leipzig and Frankfurt/Oder for administration properties used by the German Employment Agency, the Plaza shopping centre in Chemnitz, the Ratzelbogen district centre in Leipzig and a hotel with care accommodation, also in Leipzig.
SemperReal Estate is a retail fund subject to the Austrian Real Estate Investment Fund Act (ImmoInvFG) and the Alternative Investment Fund Managers Act (AIFMG). The fund focuses on the property markets in Austria and Germany. Key areas include high-yield real estate segments such as retail, offices and logistics properties in good locations with long-term leases and prestigious tenants. SemperReal Estate has net assets of EUR 559 million and currently holds 45 properties in the fund, with total rental space of around 231,000 square metres.
CMS Hasche Sigle
Dr Matthias Kuß, Lead Partner
Dr Markus Vogt
Franziska Krokutsch, both Senior Associates
Filip Niemiec, both Associates, all Real Estate & Public
Jesko Nobiling, Partner
Dr Stephan Hoyer, Senior Associate, both Tax