Noerr has advised companies in the Allianz Group and a further European principal investor on their investment in the newly established “The Fizz Student Housing Fund S.C.S.” and the acquisition of the seed portfolio as well as the antitrust clearance by the EU Commission. The Noerr team acting on behalf of the principal investors was led by Düsseldorf partner Christoph Brenzinger.
The initiator and co-investor of the fund, which has a target volume of up to €1 billion, is Munich-based student residence developer and operator International Campus AG. The fund, which was set up under Luxembourg law, will initially have a term of ten years. The fund’s initial portfolio consists of four fully let student residences with more than 1,200 apartments in Berlin, Darmstadt, Frankfurt am Main and Hanover. The fund is preparing to acquire further assets.
Allianz regularly relies on Noerr for advice on its real estate investments. A team from Noerr led by Christoph Brenzinger and Corporate partners Dr Tibor Fedke and Dr Christoph Spiering recently assisted in the formation of a 50:50 joint venture for logistics properties with VGP, a real estate group active throughout Europe.
Noerr’s Real Estate Investment Group (REIG), which is under the aegis of Prof Alexander Goepfert, offers a unique portfolio of advice in the real estate sector. The practice group consists of more than 60 experts from all fields relevant to the real estate industry. Based on its interdisciplinary approach, the group has been able to continuously increase its market share over the past few years.
Advisors to Allianz Real Estate: Noerr LLP
Christoph Brenzinger, René Dubois (joint lead, both Düsseldorf), Volker Bock (Dresden), Dr Florian Ehrich (Berlin, all Real Estate), Dr Tibor Fedke (Berlin), Isabel Giancristofano (London, both Corporate), Peter Stauber, Dr Kathrin Westermann (both Antitrust, Berlin)
Associates: Elfi Lüdecke, Dr Clemens Schönemann (both Real Estate, Berlin), Hans-Christian Mick (Finance, Frankfurt), Hanna Boeckmann (Antitrust, Berlin)
