BNP Paribas sells €1B German residential portfolio in landmark deal
BNP Paribas sells €1B German residential portfolio in landmark deal
BNP Paribas sells €1B German residential portfolio in landmark deal
Real Estate & Law: Hogan Lovells Advises BNP Paribas on Sale of German 'Super Seven' Residential Portfolio
Global law firm Hogan Lovells has advised investment manager BNP Paribas on the sale of its German "Super Seven" residential portfolio.
The portfolio comprises a total of 532 residential units and 10 commercial units across seven properties in Hamburg, Berlin, Düsseldorf, Cologne, Frankfurt, and Bad Homburg. Built between 2008 and 2013, the properties offer a total leasable area of approximately 48,900 square meters, including around 47,600 square meters of residential space. According to available figures, the portfolio is nearly fully occupied, with a leasing rate of roughly 98%.
The buyer, Quantum Immobilien KVG, is acquiring the properties on behalf of institutional investors through a tailored mandate. The transaction was structured as an asset deal.
Hogan Lovells provided comprehensive legal counsel to the seller throughout the sales process. The team advising BNP Paribas Asset Management included:
Düsseldorf (Real Estate Law): Tobias Strohmeier (Partner), Elisabeth Pünder (Senior Associate), Sabine Adams (Counsel), Carolin Bartz (Associate), Alexa Vlassakidis, Leonie Hunsmann, and Luis Martins (Research Assistants).
Hamburg (Real Estate Law): Annemarie Sophie Hoffmann (Associate), Kerstin Schöning (Senior Knowledge Lawyer), Janna Lyn Borchert, and Carolin Wertenbroch (Research Assistants).
Düsseldorf (Regulatory/Environmental Law): Damian Sternberg (Counsel).
Düsseldorf/Hamburg (Intellectual Property/Data Protection): Marcus Schreibauer (Partner), Michael Thiesen (Senior Associate), Yuri Schramm (Foreign Associate), Anna-Luisa Rode, and Philipp Mädje (Research Assistants).
Berlin/Hamburg (Tax Law): Mathias Schönhaus (Partner), Jan Meinecke, and Sadaf Khalili (Associates).
Frankfurt (Banking Supervisory Law): Sarah Wrage (Partner).
Munich (Corporate M&A): Andreas Thun (Counsel).
Hamburg (Corporate M&A): Philip Genske (Senior Associate).
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