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CMS again advises Belgian real estate investor Cofinimmo on healthcare property transaction

25/10/2018

Stuttgart – Listed Belgian real estate company Cofinimmo SA is expanding its portfolio of healthcare properties in Germany. The group has signed an agreement to acquire a psychiatric clinic currently under construction, subject to conditions precedent. The new clinic in Kaarst near Düsseldorf (North Rhine-Westphalia) will specialise in the treatment of depression and burnout. Handover and transfer of ownership of the property is scheduled for spring 2020. A long-term lease for the property was agreed with Oberberg GmbH as part of the transaction.

A CMS team headed by lead partner Dr Stefan Voß advised Cofinimmo on all aspects of this transaction, including project development, the lease negotiations, due diligence and tax matters. CMS is regularly instructed by Cofinimmo, most recently advising on a substantial portfolio transaction.

Brussels-based Cofinimmo SA is a leading Belgian property company that specialises in healthcare real estate, offices and sales distribution networks, such as cafés and restaurants. The company has a property portfolio worth around EUR 3.6 billion and operates in Belgium, France, the Netherlands and Germany.

The seller of the hospital and the main contractor are companies owned by the developer, SPC Schneider Projekt Consult.

CMS Germany

Dr Stefan Voß, Lead Partner
Dr Ursula Steinkemper, Partner
Katharina Haidas, Counsel
Lukas Potstada, Associate, all Real Estate & Public
Tobias Schneider, Partner
Paul Volkwein, Paralegal, both Tax

Press Contact
presse@cms-hs.com 

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