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Real Estate

Future facing legal experts guiding your real estate ventures across borders

As an investor, developer, occupier, construction consortium or asset manager, your real estate deals are executed to tight deadlines within complex local legal systems. With over 800 lawyers in 40 countries, we provide consistent legal advice across borders, coordinated from your home market.
CMS Real Estate at a glance:
200+ partners and 800+ lawyers globally;
Largest Real Estate Team in Europe;
25 Tier 1 and 2 rankings in the categories real property and public law in Chambers & Partners Europe and Legal 500 EMEA;
Act for over half of the top 100 real estate investors.

We have a number of key qualities which differentiate us from our competitors, including 

  • a focus on real estate (construction and development, disposals, financings, investments, litigation, managers, occupiers, planning and environmental and tax) working on all asset classes (data centres, hotels, infrastructure, logistics, offices, senior housing and healthcare, residential, retail and student accommodation)
  • extensive footprint with specific local knowledge; 
  • multidisciplinary advice – including funds, corporate, tax, banking and insolvency – with a single point of contact for your multinational legal needs; 
  • the ability to develop strong relationships with you and your suppliers; 
  • detailed knowledge and experience within all areas of law – both contentious and non-contentious; 
  • a proactive and commercial approach; and 
  • civil notaries (where bar rules allow)

Cutting-edge real estate

Highlighted experience

  • Accor Hotels

    Sale of a pan-European hotel portfolio consisting of 48 hotels in Germany, France and Belgium to Crédit Agricole.

  • Allianz Real Estate and VGP

    Large portfolio acquisitions of new logistics properties distributed among Czech Republic, Slovakia, France, Germany, Hungary, Italy, Romania, Spain and Austria.

  • Amundi Immobilier

    The disposal of the Sirocco office portfolio, with assets in Germany, Finland, Austria and The Netherlands.

  • AXA

    Acquisition and GBP 1.5bn development of “Twentytwo” Bishopsgate in the City of London.

  • CBRE IM

    Transactions relating to the sale and purchase of shopping centres, mixed-use buildings, residential assets and logistics centres.

  • Commerz Real

    Acquisition of the “Millennium Portfolio” of Generali Lebensversicherung AG, the biggest single real estate transaction Germany in the past 10 years. The portfolio comprises 26 office, 14 residential and nine retail properties across 10 German cities.

  • Deka Immobilien

    The EUR 460m acquisition of a Czech logistics portfolio from the CTP Group.

  • Delin Capital Asset Management

    EUR 230m contribution of a portfolio of UK and Dutch distribution centres into a new logistics joint venture with Blackstone.

  • DTZ Investors

    The world’s first co-living fund, in partnership with The Collective and subsequent transactions.

  • Google

    A landmark HQ in London – Google’s first design and build project in the world including pursuant to pre-let agreements and self-build arrangements.

  • Mountpark

    Restructuring of the real estate portfolio including the sale of a pan-European logistics portfolio for EUR 800m to JP Morgan.

  • Patrizia

    A tripartite joint venture and acquisition of 23 German industrial assets.

  • PGIM

    Transfer of a global property portfolio to Deutsche Asset Management. The portfolio consists of assets in 10 European Countries.

  • Public Authority for Housing Welfare, Kuwait

    The USD 4bn South Saad Al Abdullah Smart City in Kuwait.

  • Quadreal and PSP

    Ajoint venture with URW to develop Cherry Park, next to the Westfield shopping centre in Stratford, London for PRS investment.

  • Quadreal and PSP

    Forming the pan-European logistics platform joint venture to invest EUR 1bn in urban logistics assets located in key UK, French and German cities and subsequently advised Valor on all German logistics acquisitions.

  • Sun Venture

    GBP 552m acquisition of 1 & 2 New Ludgate from Landsec. Occupying a prominent 1.5 acre site next to the Old Bailey, the asset provides a combined 389,615 sq ft of office and retail accommodation.

  • Union Investment

    Acquisition of a EUR 700m pan-European shopping center portfolio from Crédit Suisse comprising assets in Germany and Italy.

Case studies

The Edge Amsterdam-West is a large office building under construction in Amsterdam. The office complex uses smart technology to create adaptable and intelligent work spaces that use significantly less electricity than comparable buildings. It has been labeled ‘the smartest building in the world’ by the media given it’s green credentials and use of technology.

CMS advised Korean investor Hana Alternative Asset Management (HAAM) on the EUR 250m acquisition and development of Edge-Amsterdam West. A full service team combined its sector and technical experts to deliver a one-stop shop for all their legal needs. 

CMS advised Select Property Group (Holdings) Limited (“Select”), “Vita Student” (Select’s Student Accommodation brand) and “Affinity Living” (one of Select’s PRS/BtR brands) in joint venture with Bruntwood on all aspects of the GBP 750m, 2.4m2mixed use development at Circle Square, Manchester, UK which comprises 600+ PRS/BtR units, circa 500+ student accommodation units, Grade A offices, multi-storey car park, new retail space, hotels and extensive new public realm and infrastructure improvements. 

CMS created bespoke solutions that included:

  • The creation of a bespoke estate/development structure.
  • The delivery of Circle Square-wide infrastructure and public realm works.
  • Accommodating the public sector requirements/constraints of Greater Manchester Pension Venture Fund (GMPVF) in a development/funding JV with Select Property Group as a private sector entity.
  • Accommodating the requirements of a club of institutional funders in the largest regional funding of a private rented sector development, in what is still considered to be a new/emerging market.
  • The creation of a bespoke tax-efficient structure for both the Bruntwood joint venture and the GMPVF joint venture.
  • Specialist advice re tax, funding, development management and post-development operations management at the completed private rented sector development.
Awards & Recognitions
01
  • Quote
    A cross-departmental team at CMS delivered a particularly complex transaction against a tight deadline fostering excellent relations with every stakeholder. The performance to close and advice received was first class.
    Mark Dawson Executive Director/ General Counsel of Select Property Group (Holdings) Limited

Events

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    International
    29 Mar 2025

    CMS at IHIF EMEA 2025

Local market knowledge. Global outlook

We provide future-facing legal advice to help your organisation thrive. Combining local market knowledge and a global perspective, and with lawyers in locations worldwide, your organisation benefits from the expertise it needs, even across borders.

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