GSK Stockmann in Luxembourg advised Heitman LLC on the acquisition of a portfolio of approximately 1,000 residential units across seven German federal states for the fund Heitman European Residential Investment Partners (HERIP).

The seller is Landericus Limited, a closed-ended investment fund based in Guernsey. The current investment in Germany includes 1,024 residential units with an area of 65,000 m², spread over different federal states in Germany. 60 percent are located in Berlin, Hanover, Paderborn and Halle (Saale). The portfolio has an occupancy rate of 98 percent.

GSK Stockmann in Luxembourg has advised Heitman on corporate, investment fund and real estate law issues under Luxembourg law in connection with the im-plementation of the transaction. It was the first consultation of Heitman by GSK Stockmann. GSK Stockmann has prepared the Due Diligence report pertaining to the legal situation of the participating Luxembourg companies. In addition, the law firm has assisted in preparing and reviewing the transaction documents with view to Luxembourg law.

Legal Advisors to Heitman European Residential Investment Partners:

GSK Luxembourg SA (as to Luxembourg law): Marcus Peter (lead, Corporate, Real Estate, Private Equity, Investment law); Associates: Marie-Thérèse Wich (Corporate, Real Estate, Investment law), Philippe Lorenz (Banking & Finance, Investment law)

Freshfields Bruckhaus Deringer (Frankfurt / Main)

The deal news is available as download.

Contact at GSK Luxembourg SA:
Dr. Marcus Peter