European Real Estate Investment Trust Limited (EREIT) has sold the last remaining German property from its portfolio. King & Wood Mallesons’ (KWM) Real Estate team advised EREIT on this transaction.

Located on the main shopping high street in Kaiserslautern, this real estate property, measuring approximately 11.300 m², is rented out to the international retailers Peek & Cloppenburg, H&M and Ernsting's Family.

The seller of the property was Aviva Investors Real Estate France on behalf of the Aviva France group.

EREIT has been listed on the London Stock Exchange since 2007 and invests in various European retail properties. Schroder Real Estate Investment Limited – fund manager for EREIT since 2012 –structured the sale. Bolton Investment Management and Comfort advised and acted as intermediaries.

KWM’s Real Estate team advises various notable funds and investors not only in Germany but worldwide. KWM has maintained a longstanding relationship with EREIT, reaching back to its fund structuring and acquisitions, as well as to its change of fund manager.
Advisor to EREIT:

King & Wood Mallesons, Germany

Real Estate
• Lars Reubekeul (transaction lead, partner), Florian Biesalski (counsel, both Munich)

Tax
• Michael Kreft (partner), Carolin Gottschling (managing associate, both Munich)