GPEP And Universal-Investment’s Acquisition of Food Retail Portfolio

GPEP And Universal-Investment's Acquisition of Food Retail Portfolio

GSK Stockmann advised GPEP GmbH and Universal-Investment on the deal.

The asset and property manager GPEP GmbH and the fund service platform Universal-Investment announced the acquisition of a food retail portfolio consisting of 50 properties for a fund structure held by an institutional investor.

To date, the purchase is the largest retail transaction to be completed in Germany in 2021.

Patrizia AG is the seller of the portfolio. The parties agreed to keep the purchase price confidential.

The property portfolio comprises discount food retailers, supermarkets and specialty stores as well as hypermarkets and specialty store centres with a leasable area of around 144,370 m² that are let on medium to long-term leases. The properties cover eleven federal states and are mainly located in small and medium-sized towns throughout western Germany. Tenants include Edeka, Rewe, Lidl and Aldi.

The GSK Stockmann team included Gösta Christian Makowski (Picture – lead, real estate law), Felix Bergfort, Anna-Lena Diedrich, Maritheres Palichleb, Rainer Werum, Josef Maria Wodicka (all real estate law), Markus Söhnchen, Wolfgang Jegodka (both corporate law); Petra Eckl, Dominik Berka, Andreas Ebert, Felix Schill (all tax law), Rebecca Comtesse (finance law). Dennis Stenzel (investment law), Julia Boßlet, Sascha Eckardt-Ringel, Julia Frankl, Stefan Frick, Lisa Gebhard, Annika Hamrol, Jan Kramer, Vanessa Lampe, Theresa Lauer, Duc Le, Kristina Marx, Michel Mohr, Eda Öz, Franziska Pompejus, Jochen Rudolph, Martin Sturm, Johannes Wohlstein.

Involved fees earner: Felix Bergfort – Gsk Stockmann; Dominik Berka – Gsk Stockmann; Julia Boßlet – Gsk Stockmann; Rebecca Comtesse – Gsk Stockmann; Anna-Lena Diedrich – Gsk Stockmann; Andreas Ebert – Gsk Stockmann; Petra Eckl – Gsk Stockmann; Julia Frankl – Gsk Stockmann; Stefan Frick – Gsk Stockmann; Lisa Gebhard – Gsk Stockmann; Wolfgang Jegodka – Gsk Stockmann; Jan Kramer – Gsk Stockmann; Vanessa Lampe – Gsk Stockmann; Theresa Lauer – Gsk Stockmann; Duc Le – Gsk Stockmann; Gösta Christian Makowski – Gsk Stockmann; Kristina Marx – Gsk Stockmann; Michel Mohr – Gsk Stockmann; Maritheres Palichleb – Gsk Stockmann; Franziska Pompejus – Gsk Stockmann; Jochen Rudolph – Gsk Stockmann; Felix Schill – Gsk Stockmann; Markus Söhnchen – Gsk Stockmann; Dennis Stenzel – Gsk Stockmann; Martin Sturm – Gsk Stockmann; Rainer Werum – Gsk Stockmann; Josef Maria Wodicka – Gsk Stockmann;

Law Firms: Gsk Stockmann;

Clients: GPEP GmbH; Universal-Investment;

Federica Tiefenthaler

Author: Federica Tiefenthaler