Ashurst has advised affiliates of Cerberus Capital Management on the acquisition of the so-called "Monsoon" portfolio, comprising ten shopping centres in the German cities of Berlin, Dessau, Ellwangen, Freiberg, Halle, Hannover, Jena, Meißen, Oranienburg and Plauen. The main lessee of the centres is German retailing group Kaufland. The affiliates of Cerberus Capital Management succeeded in a multi-level tendering procedure.

The ten shopping centres were sold by Dutch insolvency administrator Barend de Roy van Zuidewijn of law firm AKD.

Ashurst advised with a team led by Frankfurt-based real estate partner Marc Bohne, supported by partner Peter Junghänel, senior associates Michael Mehler and Dr Hendrik Theismann, associates Patricia Seidelbast and Adnan Manzoor (all real estate) as well as senior associates Derk Opitz (finance) and Till Buschmann (restructuring, all Frankfurt).

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