"PIER Investment Partner Acquires €70 Million in Residential Projects to Enhance Affordable Housing in Baden-Württemberg"

**Law Firms and Parties Involved:** GÖRG Partnerschaft von Rechtsanwälten mbB advised PIER Investment Partner, an investment and asset manager, on the acquisition of two residential projects for a newly launched investment vehicle of a German supplementary pension fund. **Transaction Overview:** The transactions involved a total investment volume exceeding €70 million. The newly launched investment vehicle is managed by IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH. The acquisitions include a residential project in Heilbronn by Ten Brinke, consisting of 60 flats (47 of which are subsidised units), and a project development by the ExklusivBau Group in Konstanz, featuring 120 subsidised residential units. Both projects include underground car parks and outdoor parking spaces and comply with the KfW 40 energy efficiency standard. The transactions were structured as forward deals, contributing to the creation of affordable housing for skilled workers in the region, supported by Baden-Württemberg's attractive subsidy programme for residential construction. **Legal Team:** The GÖRG team providing legal support for the transactions included: - Dr. Dennis Hog (Lead, Partner, Real Estate Law, Frankfurt am Main) - Dr. Thomas Christner (Partner, Public Commercial Law, Cologne) - Cornelia Kinast (Partner, Tax, Munich) - Dr. Nicolas Lang (Senior Associate, Real Estate Law, Frankfurt am Main) - Dr. Lukas Lehrhuber (Senior Associate, Tax, Munich) - Niklas Fietz (Senior Associate, Public Law, Cologne)

"PIER Investment Partner Acquires €70 Million in Residential Projects to Enhance Affordable Housing in Baden-Württemberg"

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