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  1. Facing the future
    1. Advising on a EUR 1.1bn Bulgarian gas pipeline procurement
    2. Selling the Merkur offshore wind farm
    3. Ukrainian Gas Transmission System unbundling
    4. Solving global challenges
    5. The green economy: identifying primary risks and key opportunities
    6. ALPLA expands its global plastic recycling capabilities
  2. Navigating a changing world
    1. Data and risk: challenges in an uncertain world
    2. CMS advises on major East Africa paint transaction
    3. Commerz Real lands the largest deal in its history
    4. Helping Teyliom Hospitality’s expansion in Central and West Africa
    5. Shaping the new normal
    6. Working through the COVID-19 lockdown
  3. Harnessing technology
    1. Technology: a unifying force
    2. Online gambling grows as Gamesys is sold to JPJ Group
    3. CMS advises on first ever European real estate transaction using blockchain
    4. CymbiQ Group on expansion course
    5. CMS helps Korean investors acquire prime real estate assets
    6. Lupl delivers transformative open industry platform for legal matters
    7. MultiChoice separates from Naspers and lists on JSE
    8. CMS advises on ‘Train Maya’ rail project
    9. Smart living: creating a framework for disruption and innovation
    10. CMS helps the BBC launch the streaming service BritBox in the UK
  4. Managing risk
    1. The true cost of ESG
    2. CMS advises Blackstone on its investment in Carrix
    3. CMS advises Zentiva on its acquisition of Alvogen
    4. ST Pharm establishes new medical testing and analysis business line
    5. Colgate-Palmolive acquires premium anti-ageing skin care brand
  5. Inside CMS
    1. CMS Academy adds participants through digital learning
  6. CSR and Diversity & Inclusion
    1. Médecins Sans Frontières (MSF): CMS Charity Partner
    2. Diversity and Inclusion at CMS UK
  7. Interviews
    1. Interview with Gabriela Staber
    2. Interview with Sophie Marquet
    3. Interview with Courtney Rothery
    4. Interview with María González Gordon
    5. Interview with Mariel Dimsey
    6. Interview with Nedžida Salihović-Whalen
    7. Interview with Annemieke Hazelhoff
    8. Interview with Michelle Barclay
    9. Interview with Deepa Vallabh
    10. Interview with Gerlind Wisskirchen

Commerz Real lands the largest deal in its history

Our experience with large portfolio deals, as well as our use of software tools for contract analysis, were some of the reasons why Commerz Real chose us. We were able to successfully apply our skills in this highly competitive sales process under enormous time pressure.
Heinrich Schirmer

Commerz Real AG acquired the Millennium portfolio from Generali Lebensversicherung AG for its open-ended real estate fund Hausinvest in September 2019 at approximately EUR 2.5bn. The deal was described by Commerz Real as the largest in its history and is also considered to be the largest in Germany in the last ten years. 

A CMS team led by Frankfurt-based Real Estate partner Heinrich Schirmer advised Commerz Real. “Our experience with large portfolio deals, as well as our use of software tools for contract analysis, were some of the reasons why Commerz Real chose us. We were able to successfully apply our skills in this highly competitive sales process under enormous time pressure.” 

Dr Andreas Muschter, CEO of Commerz Real, commented, “I seldom felt as well advised on a transaction as with Heinrich Schirmer and his team. In addition, it was really fun working with them.

The Millennium portfolio consists of a core of 49 office, residential and retail properties with a total rental area of over 352,000 m2 across various German cities including Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Munich and Stuttgart. 

Henning Koch, Global Head of Transactions and now a member of the board at Commerz Real, said, “The portfolio is perfectly geared to our investment strategy of increasing the share of German properties in the fund, and in doing so, achieving the best possible mix of all usage types.” Earlier in 2019, Commerz Real stated that Hausinvest had a goal of investing around EUR 2bn in the residential sector over the next five years. 

Commerz Real is part of the Commerzbank Group and has EUR 34bn of assets under management. It focuses on tangible assets such as real estate, solar parks, ships, power grids and production plants.