Upon instruction by an SPE of a leading European real estate investment manager, GvW Graf von Westphalen advised on the sale of a portfolio consisting of three German wholesale properties to the institutional investor MAS Real Estate.

The so-called "Thales" portfolio consists of three cash & carry market in in Wiesbaden, Maulburg and Freudenstadt which are under long-term leases to Edeka.  The lettable space is a total of around 21,800 m². The purchase price was around EUR 28.4 Mio.

The Frankfurt partner Dr Bettina Schmitt-Rady (lead) and a team consisting of  Andrea Torka, LL.M., Johannes Schuhmann and Dr Bettina Buddenberg (all Real Estate, Frankfurt) as well as Dr Frank Tschesche, LL.M., and Lars-Olaf Leskovar, LL.M. (Tax, Frankfurt) advised on the transaction.