Dentons has advised investment management firms CR Holding GmbH and Värde Partners on the successful sale of six retail parks to Cologne-based REWE Group. The retail parks are part of the Saturn-Portfolio and are located in the western and southern part of Germany. Through this transaction, leading German food retailer REWE Group plans to increase its rate of store ownership.

The retail parks were built between 1987 and 2008. The overall surface area of these parks is 21,600 sq.m., while the surface area of the individual properties ranges between 30 and 2,800 sq.m. REWE will be the main tenant.

Värde Partners is a USD13 billion global alternative investment firm that employs a value-based approach to investing across a broad array of geographies, segments and asset types, including specialty finance, real estate, corporate credit, mortgages, energy and transportation.

CR is a leading pan-European adviser, asset and investment manager focused on commercial real estate. The company has a track record of more than €30 billion in transactions across multiple business lines since their start in 2004.

Dentons advised the seller on all legal aspects related to the transaction. Berlin-based Real Estate partner Volker Mergener led the team, with support from counsel Torsten Jähnichen. CR is a longstanding client of Dentons. In 2004, Volker Mergener advised the client on the acquisition of Treveria Silo E, a real estate portfolio of 127 objects.
Advisors to CR/ Värde:

Dentons (Berlin): Volker Mergener (lead, Partner), Torsten Jähnichen (Counsel, both real estate).