Watson, Farley & Williams has advised TWG Tanklager Wilhelmsburg GmbH (“TWG”), a subsidiary of Lampe Equity Management GmbH (“LEM”), on the acquisition of a storage tank facility in the Hamburg harbour.

The newly acquired storage tank property “Tankfeld 7”, which is located next to TWG’s existing storage tank facility, has a total storage volume of 40,000 m³ made up of eight tanks with a capacity of 5,000 m³ each, as well as one hectare of container storage space. With the acquisition of the neighbouring property on the Wilhelmsburg peninsula, TWG has almost doubled its storage tank capacity up to 70,000 m³. TWG also extended the contract for the use of the “Reiherstieg“ quay, which is used for loading and unloading seagoing and inland vessels.

In 2007 LEM acquired 90 percent of the shares in TWG, in order to enter the storage tank business in the Hamburg harbour.

The WFW team advised LEM on corporate and tax aspects of the development, which tapped into our knowledge and experience of the property, infrastructure and logistics sectors.

The deal team was led by Hamburg partner Dr. Marcus Bechtel (Corporate/Energy). He was supported by partners Verena Scheibe (Tax, Hamburg) and Dr. Ivana Mikesic (Corporate/Regulatory, Frankfurt am Main), as well as associates Tanja Mado (Corporate/Energy, Hamburg) and Anastasiya Korolchenko (Corporate/Regulatory, Frankfurt am Main)