Hengeler Mueller advises LEG on acquisition of residential portfolio
15. April 2016
On 13 April 2016, LEG Immobilien AG signed an agreement for acquiring a portfolio of about 1.100 residential units located in core markets of LEG, by way of a share deal. The agreed property value amounts to EUR 53 m; in addition, the transaction includes the assumption of debt of about EUR 20 m. LEG’s obligations under the agreement can be settled in cash or by issuing new shares. The transaction is expected to close by end of July 2016, at the latest.
Hengeler Mueller is advising LEG on the acquisition. The Hengeler Mueller team includes partners Karsten Schmidt-Hern, Thomas Müller (both M&A/Real Estate), Alexander Rang (Capital Markets, all Frankfurt) and Markus Röhrig (Antitrust, Brussels) as well as associates Georg Heiß, Loretta Lang (both M&A, Frankfurt) and Malcom Tiffin-Richards (Antitrust, Brussels).