Simmons & Simmons has advised Meyer Bergman on the sale of the Karstadt department store at Berlin’s Wilmersdorfer Strasse to Redevco.

The Meyer Bergman managed fund Meyer Bergman European Retail Partners II had purchased the 22.500 m² property in early 2014.

Meyer Bergman is a European real estate investment and fund management firm headquartered in London which specialises in retail real estate.

The Simmons & Simmons team was led by Frankfurt based partner Dr Stefan Schramm who has been advising Meyer Bergman on their activities in Germany for a number of years, including the very recent sale of their Karstadt Berlin Hermannplatz real estate to Signa. He has been assisted by real estate counsel Matthias Wagner, banking supervising associate Carolin Glänzel and banking associate Leonie Müller