Greenberg Traurig Germany advised a joint venture between the three partners Kauri CAB Management GmbH (Kauri CAB), a Sovereign Wealth Fund and Apeiron/Ailon on the sale of a residential property portfolio. The sale took place by way of a share deal to a fund managed by the Blackstone Group.

The portfolio comprises approximately 2,500 housing units as well as 130 commercial units and is located in central Berlin and eastern Germany.

Greenberg Traurig Germany advised the joint venture extensively on all legal aspects of the structured bidding process and the transaction.

Background:
Greenberg Traurig Germany has regularly been advising Kauri CAB on real estate transactions since 2015, and most recently assisted a joint venture between Benson Elliot and Kauri CAB on the sale of the residential project development “Wasserstadt Mitte” in Berlin.