GTC Expands Real Estate Holdings with German Portfolio Acquisition
Deal News | Dec 06, 2024 | CEE Legal Matters
Dentons advised Globe Trade Centre (GTC) on acquiring a real estate portfolio from Peach Property Group in a consortium with Luxembourg Finance House. This acquisition includes approximately 5,200 residential units, 47 commercial units, 71 other units, and over 2,000 parking spaces across Kaiserslautern, Helmstedt, and Heidenheim in Germany, with a total rental space of 324,167 square meters. Dentons supported GTC’s transaction with a team of partners and associates from various European offices, reinforcing GTC’s footprint in Central and Eastern European cities. Greenberg Traurig's Germany office provided legal counsel to Peach Property Group for this deal.
Sectors
- Real Estate
- Legal Services
Geography
- Germany – The real estate portfolio acquired by GTC focuses on multiple cities within Germany, making it a central geographical element of the transaction.
- Luxembourg – Luxembourg is mentioned due to the involvement of Luxembourg Finance House in the acquisition consortium alongside GTC.
- Poland – Poland is relevant as the location of GTC's headquarters, showcasing their base of operations.
Industry
- Real Estate – The article revolves around a real estate transaction involving the acquisition of a property portfolio, highlighting the real estate sector's active investment and development activities.
- Legal Services – The involvement of law firms like Dentons and Greenberg Traurig in advising on the transaction underscores the significance of legal services in managing complex real estate deals.
Financials
- – The article does not provide specific financial figures related to the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Globe Trade Centre | Buyer | Company | A real estate investor and developer focusing on Central, Eastern, and Southern Europe. |
| Peach Property Group | Vendor | Company | A real estate investor that sold the portfolio to GTC and its consortium partners. |
| Dentons | Legal Advisor | Company | Provided legal services to Globe Trade Centre for the acquisition transaction. |
| Greenberg Traurig | Legal Advisor | Company | Advised Peach Property Group from their Germany office. |
| Luxembourg Finance House | Consortium Partner | Company | Participated as a consortium partner with GTC in the acquisition of the real estate portfolio. |