CMS Advises GRR GARBE Retail Real Estate on Acquisition of Eight Local Shopping Centres

CMS advised GRR GARBE Retail Real Estate GmbH in connection with the company's acquisition of a portfolio of eight local shopping centres across Germany. The transaction involved the purchase of eight food-and-drink-focused local shopping centres let on long-term leases to leading food-and-drink chains. The assets, acquired for one of GRR's funds, benefit from broad tenant diversification and sustained market demand. GRR GARBE Retail Real Estate GmbH is a pan-European asset and investment manager specialising in retail properties and, since early 2024, is part of GARBE, an owner-operated real estate group active in multiple countries. CMS performed comprehensive legal and tax advice as the fund's long-standing legal advisor. The firm's services included due diligence, drafting and negotiating the purchase agreement and advising on tenancy law issues arising from a sale-and-leaseback structure. CMS also contributed expertise in property law, tax law and contract drafting and ensured lawful implementation of the transaction. CMS represented GRR GARBE Retail Real Estate GmbH with a team composed by: Dr Sebastian Orthmann and Dr Franz Maurer. The team led the legal and tax advisory work for the acquisition, covering property law, tax law, tenancy law and contract drafting.

CMS Advises GRR GARBE Retail Real Estate on Acquisition of Eight Local Shopping Centres

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