BEITEN BURKHARDT Rechtsanwaltsgesellschaft mbH
BEITEN BURKHARDT advises MGPA on the acquisition financing of 26 retail properties
BEITEN BURKHARDT Rechtsanwaltsgesellschaft mbH / Key word(s): Finance/ BEITEN BURKHARDT advises MGPA on the acquisition financing of 26 retail properties Munich, 4 July 2011 – The international commercial law firm BEITEN BURKHARDT advised MGPA, an independent private equity advisory company in the real estate sector, on the acquisition financing of 26 retail properties from Develica Deutschland Limited. The properties will be managed by MGPA Europe Fund III and will add further to MGPA’s current German retail portfolio. The parties have agreed not to disclose the transaction volume. The properties, mainly located in western Germany, concentrated in the Hesse, Baden-Wuertemberg and Bavaria districts provide a combined total net lettable area (NLA) of 41,200 sqm on a total site area of 127,700 sqm. The site comprises 21 food retail properties, of which 11 are supermarkets including the leading German retailers Edeka and Rewe and 10 are discounter units with typical unit sizes of 1,000 – 2,000 sqm. The remaining 5 units are occupied by DIY retailer, automotive retailer and textiles retailers. The portfolio is 97% occupied. This is the second major transaction of MGPA Europe Fund III in Germany within one year. The transaction reflects MGPA’s consistent investment strategy in Germany. BEITEN BURKHARDT advised the private-equity house already last year on the financing of the acquisition of 135 retail properties from ALDI-Süd. Advisors MGPA Europe Fund III: Partners Michael Ziegler (in charge) and Markus Möller of BEITEN BURKHARDT on all German law issues (both Banking and Finance) as well as Partner Joginder Anand and Associates Duncan Batty and Sarah Kennedy of Berwin Leighton Paisner on English law issues. BEITEN BURKHARDT regularly advises MGPA on issues pertaining to financing law. Michael Ziegler, LL.M. (UPenn) Public Relations: Information on BEITEN BURKHARDT – BEITEN BURKHARDT is an independent international commercial law firm with a focused range of services and some 320 lawyers working in 12 locations. – Through our long-established offices in Germany, Brussels, China and Eastern Europe we advise large and mid-sized companies and corporate groups from various industries, banks and financial institutions as well as the public sector. End of Media Release 04.07.2011 Dissemination of a Press Release, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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