Berlin—Global law firm Dentons successfully advised Property Bamberg München S.a.r.l. Luxemburg on the sale of an office real estate in Munich-Untersendling to the project development company Terrafinanz. This real estate is part of a mixed-use portfolio, which includes 10 commercial properties in west and south Germany and is being sold in the context of an exclusive sales mandate.

The buyer Terrafinanz is a middle-class developer of residential construction projects within the Munich region. The future purpose of this currently empty office building — once it is torn down and re-constructed — is to develop a residential property. The intercession of this transaction was made by Savills, one of the leading real estate service companies worldwide. The acquisition is to be completed on short notice by agreement of all parties. The acquisition value was confidentially agreed upon by both parties.

The Real Estate Practice Team in Dentons’ Berlin, led by partner Volker Mergener, extensively advised the seller, a property management company in Luxemburg, regarding all legal and tax related matters in connection with the transaction. The basis for this cooperation is a long-standing client relationship, including the initial sale of the portfolio, which was a major real estate in Weinheim and which was bought by Sparkasse Rhein Neckar Nord. In early December the authentication took place.

Advisor Property Bamberg München:
Dentons: Volker Mergener (Partner, Real Estate), Jan Hellner (Senior Associate, Real Estate, both leading) Torsten Jähnichen (Counsel, Real Estate).

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