Dentons has advised the real estate investor INTERNOS Spezialfondsgesellschaft mbH on the acquisition of the Cramer’sche Fabrik nursing home property from developer ESM Bauträger & Entwicklungsgesellschaft mbH.

The retirement home Cramer’sche Fabrik was built in 2006 and has a total area of 4,650 sq. m. It includes 58 single rooms and 11 double rooms, offers barrier-free access, and houses approximately 80 senior citizens. The property is operated by Krutmann Prosana GmbH & Co. KG. It is leased for 25 years.

INTERNOS Spezialfondsgesellschaft mbH is part of the pan-European fund and asset management company INTERNOS Global Investors which focuses on real estate. Based in London, the company also has branches in Frankfurt, Amsterdam, Paris, Lisbon, Luxemburg, Madrid and Milano. The firm manages around 600 properties in eight countries. At the moment, INTERNOS has €3,5 billion in assets under management.

Dentons advises INTERNOS on a regular basis on acquisitions of nursing homes in Germany. On this transaction, the Dentons team, led by partner Sebastian Schmid, provided the client with comprehensive real estate law and tax advice.
Advisor INTERNOS Spezialfondsgesellschaft mbH:

Dentons (Berlin): Sebastian Schmid (Partner, Real Estate), Hauke Thieme (Partner, Tax), Dr. David Lange (Counsel, Real Estate), Dr. André Morgenstern (Associate, Real Estate)