Subsidiaries of the Barkats Group Fund I, LLC, USA and LaJonciere Real Estate Partners S.A., Luxembourg, have acquired two real estate companies from subsidiaries of Hannover Leasing GmbH & Co. KG in Pullach near Munich. A Munich-based team of CMS Hasche Sigle lawyers, headed by partner Dr Peter von Borch, advised Barkats Group and LaJonciere Real Estate Partners on the transaction.
In a series of building phases the two real estate companies have built an office building for an office centre for Siemens AG in Munich's St.-Martin-Strasse. The shell of the final building phase is now completed and will probably be handed over to Siemens AG in November 2005. Altogether it consists of around 56,000 m² of leased area which will be leased long-term to Siemens AG together with the buildings which are still to be completed. The purchase of the sites and the construction work are financed by the Hessische Landesbank. The share purchase was financed mainly by a mezzanine loan from JER Europe Fund II Holdings S.A.R.L., Luxembourg.
Advisors
Barkats Group Fund I LLC, LaJonciere Real Estate Partners S.A.
CMS Hasche Sigle, Munich
Dr Peter von Borch
Alexander Taft
Thomas Ziegler
Angelika Thies
Hannover Leasing
In-house: Dr Thorsten Kroog
Beiten Burkhardt Goerdeler
Dr Christian Melcher
Angelika Kapfer
JER Europe Fund II Holdings S.A.R.L.
Mayer, Brown, Rowe & Maw, Cologne
Christof Gaudig
Antje Günther
Contact CMS Hasche Sigle:
Dr Peter von Borch
Tel.: 089 / 23807-130
E-mail: Peter.von.Borch@cms-hs.com
Background
CMS Hasche Sigle is one of the leading German law firms with more than 420 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, Prague 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 European law firms. With over 575 partners, a total of 2,000 lawyers and tax consultants and around 3,800 support staff we advise our clients in 24 countries in and outside Europe on legal and tax issues.
Local strength and legal 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 (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Klainguti Stettler Wille (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 24 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 www.cmslegal.com .
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