Clifford Chance advised BGP Holdings Europe S.à r.l., a Luxembourg real estate investment company, on the sale of BGP Investment S.à r.l. with a portfolio of approx. 16,000 apartments located in Germany by way of a share deal. The sale was preceded by a dual track procedure during which both, a potential IPO and a structured M&A sales process were initiated in parallel. The sale of BGP Investment S.à r.l. is one of this year's largest transactions in the residential property sector in Germany.

The Clifford Chance team was led by partner Dr. Patrick Biagosch and included associates Timo Probst, Nico Basener and Moritz Müller-Buttmann (all Corporate, Munich), partners Sebastian Maerker and Dr. Oliver Kronat, counsels Kerstin Schaepersmann, Dr. Axel Wittmann and senior associate Charlotte Rau (all Banking & Capital Markets, Frankfurt), senior associates Martin Barlösius, Dorothea Friederike Schimmel, associate Agnieszka Anna Pikul (all Munich) as well as transaction lawyers Anja Roth and Marisol Peláez Romero (both Frankfurt, all Real Estate), counsel Dr. Ines Keitel (Employment law, Frankfurt), partners Dr. Stefan Behrens, Jutta Aichele and associate Rainer Bär (all Tax, Frankfurt) and partner Dr. Joachim Schütze and associate Dr. Florian Wiesner (both Antitrust, Düsseldorf). The Clifford Chance office New York was involved with partner David Moldenhauer (Tax).