Catella Real Estate’s Acquisition of a Retail Park in Augsburg

DLA Piper advised Catella Real Estate on the deal.

Catella Real Estate AG finalized the acquisition of a retail park in Augsburg-Oberhausen for its open-ended special real estate fund “IWS II – Wirtschaftsregion Süddeutschland”. The purchase increases the real estate assets of the special AIF launched at the beginning of 2016 to around EUR314 million. The seller of the property is an open-ended special AIF, advised by the Munich-based ILG Group and launched with capital management company IntReal Real Estate Kapitalverwaltungsgesellschaft mbH from Hamburg. 

The property is a retail park 3 km north of Augsburg city centre, Germany. The retail park consists of two buildings, outdoor parking spaces and a central underground car park with a total lettable area of around 7,200 m² and 314 parking spaces. The balanced tenant mix of food and non-food discounters, drugstore, pet food, pharmacy, medical practice and office generates a risk-diversified long-term cash flow.

Catella Real Estate AG is a leading European provider of real estate investments in the field of open-ended special funds, open-ended public funds and special mandates. The Munich-based company is active in real estate fund management and real estate investment and is part of the Catella Group.

The DLA Piper team for this transaction was led by partner Dr Martin Haller (Real Estate, Munich; Picture) and also included partner Dr Marie-Theres Rämer (Tax, Frankfurt), counsel Dr Manuel Indlekofer and associates Dr Lilian Gutkin, Valerie Krappitz (all Real Estate, Munich) and Eda Altintas (Tax Frankfurt). The team led by Dr Martin Haller has already advised Catella Real Estate AG on several transactions in the past.

Involved fees earner: Eda Altintas – DLA Piper; Lilian Gutkin – DLA Piper; Martin Haller – DLA Piper; Manuel Indlekofer – DLA Piper; Valerie Krappitz – DLA Piper; Marie-Théres Rämer – DLA Piper;

Law Firms: DLA Piper;

Clients: Catella Real Estate Ag Kag;