GÖRG has advised a French fund managed by Praemia REIM Germany AG on the sale of a retail park (Nahversorgungszentrum, NVZ) in Bremen Gröpelingen.

The retail park, located in the western part of Bremen, comprises a site area of around 15,818 square metres and a total rental area of 11,029 square metres. Anchor tenants include, among others, Rewe.

Praemia REIM Germany is an independent investment and asset manager specialising in the development, management, and optimisation of real estate investments. With assets under management of EUR 36 billion, more than 450 employees, 97 investment funds, and over 1,600 properties under management, Praemia REIM is one of the leading real estate investment and asset managers in Europe.

GÖRG provided comprehensive legal advice to the seller with a team led by Frankfurt partner Dr Dennis Hog. The advice focused in particular on the legal structuring of the transaction, support during the bidding process, and the negotiation and implementation of the purchase agreement.

Advisors Praemia REIM Germany AG

GÖRG Partnerschaft von Rechtsanwälten mbB
Dr Dennis Hog (Lead, Partner, Real Estate, Frankfurt am Main)
Cornelia Kinast (Partner, Tax, Munich)
Dr Nicolas Lang (Senior Associate, Real Estate, Frankfurt am Main)
Dr Lukas Maximilian Lehrhuber (Senior Associate, Tax, Munich)
Yvonne Hoppenstaedt (Associate, Real Estate, Frankfurt am Main)