The Spanish company BANIF, a bank belonging to the Santander group, has acquired the residential and office building known as "Nike Town" in the Tauentzienstraße in Berlin from a company belonging to the Munich Investa property group. With a volume of over EUR 70 million this is one of the largest transactions involving a single Berlin property this year. The sportswear manufacturer Nike has been the main tenant in this property since 1999 and has occupied ca. 3,500 m² alone.
The Santander group is one of the leading European banks. With 66 million customers and 129,000 employees in 40 countries it is one of the largest credit institutions worldwide.
The Investa property group acted as builder, project developer and supervisor for the office and residential building in the Tauentzienstraße. Since 1972 the property group has been realising new builds and existing properties with an investment volume of over EUR 3 billion.
CMS Hasche Sigle was responsible on behalf of the purchaser for the due diligence and the transaction including its financing.
Advisers to BANIF Inmobiliario S.A.:
CMS Hasche Sigle (Berlin)
Dr Andreas Otto, Berlin (Lead Partner, Real Estate, Spanish Desk)
Dr Matthias Kuß (Real Estate)
Joachim Kühne, Leipzig (Real Estate)
Dr Jens Moraht, Berlin (Financing);
Dr Andreas van den Eikel, Berlin (Due Diligence, Real Estate)
Dr Nadja Hoffmann, Berlin (Due Diligence, Real Estate)
Holger Meyer, Berlin (Financing)
Jesko Nobiling, Berlin (Tax)
Nereida Sánchez, Düsseldorf (Real Estate)
Contact CMS Hasche Sigle:
Dr Andreas Otto
Telephone: +(49) 30/ 2 03 60-15 06
About CMS Hasche Sigle:
CMS Hasche Sigle is one of the leading German law firms with more than 450 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. CMS Hasche Sigle operates at all the major business centres. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Shanghai.
CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com
CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms. With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we advise our clients at commercial locations in 47 business centres in Europe and further afield on legal and tax issues.
Local strength, legal and tax advice tailored to the requirements of the market combined with a substantial amount of business and organisational integration form the basis for high-quality international legal advice.
In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 23 countries in Western and Central Europe, North and South America, Asia and North Africa.
For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see http://www.cmslegal.com.