SFO Capital Partners’ Partnership With FOM Real Estate Group

Clifford Chance advised SFO Capital Partners on the deal.

SFO Capital Partners signed for a strategic partnership with Heidelberg-based FOM Real Estate Group for the acquisition and repositioning of commercial assets in Germany.

The pilot project is a nine-storey mixed-use property in Stuttgart with approximately 16,000 sqm of lettable space, which offers the opportunity for extensive restructuring and redevelopment. Both partners intend to develop value-enhancement potential by a new architectural and utilisation concept, which is particularly attractive for Grade A tenants. The redevelopment will take into account ESG standards, offering investors ESG-compliant investment opportunities.

FOM had already acquired the property in early 2021 as part of a sale and leaseback transaction. SFO Capital Partners will now subsequently become the majority investor in a closed-end special fund – recently introduced with the Fund Jurisdiction Act – which will be managed by FOM Invest as KVG.

SFO Capital Partners is a London-based global real estate investment company focused on investing in high quality assets acquired at attractive valuations with a clear path to value creation. The company has acquired in excess of €2 billion of assets located in Europe and the USA.

The Clifford Chance team comprised counsel Alexandra Uhl (Global Financial Markets / Regulatory, Frankfurt), partner Gerold Jaeger (Picture) and associate David Rahmel (both Real Estate, Düsseldorf), partner Gregor Evenkamp and associate Mario Opitz (both Global Financial Markets / Regulatory, Frankfurt und München) as well as partner Olaf Mertgen (Tax, Frankfurt).

Involved fees earner: Gregor Evenkamp – Clifford Chance; Gerold Jaeger – Clifford Chance; Olaf Mertgen – Clifford Chance; Mario Opitz – Clifford Chance; David Rahmel – Clifford Chance; Alexandra Uhl – Clifford Chance;

Law Firms: Clifford Chance;

Clients: SFO Capital Partners;

Giulia Di Palma

Author: Giulia Di Palma