conwert Immobilien Invest AG listed on the Vienna stock exchange has acquired 294 real estate objects with a total of more than 2200 apartments from Baugenossenschaft Leipzig eG. A team from CMS Hasche Sigle under the leadership of Gerd Schmidt, partner in Leipzig, advised Baugenossenschaft Leipzig during the transaction. Details of the purchase price were not disclosed.
The real estate acquired has a total usable floor area of approx. 151,000 m² and for the most part constitutes key objects in Leipzig which are to be developed into even more attractive residential properties. conwert whose core business focuses on the leasing and development of old residential properties is further extending its involvement in Germany by means of this acquisition.
Advisers to Baugenossenschaft Leipzig eG:
CMS Hasche Sigle, Leipzig
Gerd Schmidt (lead partner, real property law)
Thomas W. Lautenbach (corporate)
Contact CMS Hasche Sigle:
Gerd Schmidt
Tel.: +49 (0)341 / 21672-0
E-mail: Gerd.Schmidt@cms-hs.com
About CMS Hasche Sigle:
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 and Prague.
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 Europe and further afield 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 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 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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