Greenman’s € 95.5 Million Acquisition of Shopping Centre From Schoofs Immobilien

Oppenhoff has advised Schoofs Immobilien GmbH Frankfurt on the deal.

Schoofs Immobilien GmbH Frankfurt concluded a forward deal with the Irish investment fund manager Greenman and its Greenman Open fund.

The shopping complex that is the subject matter of the contract is currently being built on an approx. 20,000 m² site at the foot of Montabaur Castle. This is the third and final property being sold by Schoofs within the context of a project development framework agreement with Greenman by way of an asset deal. The project volume of the framework agreement was 95.5 million euro.

Schoofs Immobilien GmbH Frankfurt, based in Neu-Isenburg, specialises in planning and developing properties for the food retail sector. Its portfolio also includes residential and commercial buildings, quarters, mixed-use properties, specialist stores, and DIY and home improvement stores. Since the late 1980s, the company has developed and constructed approximately 200 supermarkets and commercial buildings.

Greenman Investments is a market leader in sector-specific real estate fund management. The funds invest exclusively in grocery stores and food warehouses in Germany.

The Oppenhoff team, led by Dr. Stefanie Minzenmay  (Picture) and Dr. Gregor Seikel, included Marvin Rochner (all Real Estate Management Law), Dr. Gunnar Knorr and Hanjo Prondzinski (Taxes).

Involved fees earner: Gunnar Knorr – Oppenhoff; Stefanie Minzenmay – Oppenhoff; Hanjo Prondzinski – Oppenhoff; Marvin Rochner – Oppenhoff; Gregor Seikel – Oppenhoff;

Law Firms: Oppenhoff;

Clients: Schoofs Immobilien GmbH Frankfurt;

Federica Tiefenthaler

Author: Federica Tiefenthaler