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03/08/2010
Berlin – The UK-based fund manager, Cornerstone Real Estate Advisors Europe, has acquired a Real supermarket in Wuppertal, Germany. The property was acquired for Cornerstone German Retail Fund via a Netherlands-based special purpose firm. The seller of the 8,500 sqm property is a subsidiary of GWB Immobilien AG. Cornerstone has extended the lease with Real to 2026.
A CMS Hasche Sigle team led by Dr Hermann Stapenhorst and Dr Andreas van den Eikel provided comprehensive advice to Cornerstone in this transaction – both on the Sale and Purchase Agreement and the Lease Agreement with Real.
This is Cornerstone Europe’s (formerly Protego Real Estate Investors) first transaction in Germany since the firm took over management of the Cornerstone German Retail Fund in 2008. Having offices in the US, Europe and Asia, Cornerstone Real Estate Advisers LLC is one of the world's largest companies in real estate investment advice.
Advisers CMS Hasche Sigle:
Dr Hermann Stapenhorst, Real Estate
Dr Andreas van den Eikel, Real Estate
Stefan Meusel, Real Estate
Jesko Nobiling, Tax
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