Immobel’s Acquisition Of In Europa-Allee Wohnen gsp GmbH

Clifford Chance has advised leading Belgian real estate developer Immobel on its entry into the German market: Immobel, which is listed on the Belgian stock exchange, has acquired 89.9% in Europa-Allee Wohnen gsp GmbH, a subsidiary of Berlin-based gsp Städtebau GmbH.

The company is currently developing the most recent residential high-rise buildings of the Main metropolis in Frankfurt’s district Europaviertel. With a living space of around 15,150 square meters, the 27-storey residential tower “Eden” offers space for 263 residential units.

In addition to Belgium, Immobel is currently active in Luxembourg, Spain, France and Poland. Founded in 1863, the company now has a market capitalization of more than EUR 500 million and a portfolio of more than 800,000 square metres.

gsp Städtebau is one of the leading project development companies in Berlin and develops properties in the residential, hotel, office and public building sectors.

The Clifford Chance Team comprised partners Christian Keilich (Picture) and Stefan Löchner, Senior Associate Amrei Fuder, Associates Stephanie Cohen and Tatjana Bougargour, Transaction Lawyer Elmostafa Habib, Legal Support Assistant Manfred Fisch (all Real Estate), Partner Thorsten Sauerhering, Counsel Dominik Engl and Transaction Lawyer Waldemar Fischer (all Tax), Partner Jörg Rhiel and Associate Konstantin Heilmann (both Corporate/Private Equity) as well as Senior Associate Annette Röhder and Associate Corinna Rogmann (both Corporate/M&A, all Frankfurt).

Involved fees earner: Tatjana Bougargour – Clifford Chance; Stephanie Cohen – Clifford Chance; Dominik Engl – Clifford Chance; Manfred Fisch – Clifford Chance; Waldemar Fischer – Clifford Chance; Amrei Fuder – Clifford Chance; Elmostafa Habib – Clifford Chance; Konstantin Heilmann – Clifford Chance; Christian Keilich – Clifford Chance; Stefan Löchner – Clifford Chance; Jörg Rhiel – Clifford Chance; Corinna Rogmann – Clifford Chance; Annette Röhder – Clifford Chance; Thorsten Sauerhering – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Immobel;