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CMS Hasche Sigle advises Lehman Brothers and the project company Zweibrücken Outlet Village on the sale of the designer outlet centre in Zweibrücken

27/10/2005

Trading Places NV, a Belgian property holding in which the Scottish Kenmore group has a stake, has acquired the real estate and the business operation of the designer outlet centre in Zweibrücken by way of an asset deal. The purchase price was approx. EUR 50 million.

Led by partners Dr Hermann Stapenhorst (Real Estate) and Dr Thomas Meyding together with Dr Claus-Peter Fabian (both corporate) a team from CMS Hasche Sigle advised the vendor of the designer outlet centre, Zweibrücken Outlet Village GmbH & Co. KG, on the sale to Zweibrücken Factory Outlet NV. At the same time the former majority shareholder of the vendor, Outlet Centres International GmbH, in which the US-American investment bank Lehman Brothers has a direct stake, was advised on the acquisition of the shareholdings of the minority shareholder.

The designer outlet centre in Zweibrücken with 11,000m² of sales area, over 55 designer brands and 1.25 million visitors on average per year is the largest designer outlet centre in Germany. The management and employee structures hitherto directed by the operating company, Outlet Centres International with its domicile in London, will not be affected by the change of owner.


Advisors Lehman Brothers, Outlet Centres International GmbH and Zweibrücken Outlet Village GmbH & Co. KG

CMS Hasche Sigle
Real estate
Dr Hermann Stapenhorst, partner (Real Estate)
Dr Matthias Kuß, Partner; Dr Kai Hamdorf, associates (both Real Estate Due Diligence)
Corporate
Dr Thomas Meyding, partner (Corporate)
Dr Claus-Peter Fabian, partner (Corporate)
Dr Peter Ruby, partner (Corporate)
Dr Rainer Herschlein, associate (Corporate)
Dr Marc Seibold, associate (Corporate Due Diligence)
Nargisa Wolter-Rossteutscher (Employment)
Roland Wutzke (Tax)


Contact CMS Hasche Sigle:

Dr Hermann Stapenhorst
Tel.: +49 (0)30 / 20360-144
E-mail: [email protected]

Dr Thomas Meyding
Tel.: +49 (0)711 / 9764-388
E-mail: [email protected]

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 .