GLADE MICHEL WIRTZ advises Deutsche Fonds Holding GmbH on the acquisition of Assetando Real Estate GmbH

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November 2nd, 2020

GLADE MICHEL WIRTZ advised Deutsche Fonds Holding GmbH (hereinafter "DFH"), Stuttgart, on the acquisition of Assetando Real Estate GmbH (hereinafter "Assetando"), Hamburg, WestFonds Immobilien-Anlagegesellschaft mbH (hereinafter "WestFonds"), Düsseldorf, and other companies in the real estate fund and asset management sector from Ernst Russ AG, Hamburg. Assetando was founded in 2012 and has operated as the central property management unit of Ernst Russ AG since 2016. WestFonds was acquired by Ernst Russ AG in 2016. Assetando and WestFonds complement the portfolio of DFH with a joint portfolio of 29 properties with a volume of around EUR 0.9 billion. The parties have agreed not to disclose details of the planned sale. The transaction is to be implemented in the short term and is subject to approval by the merger control authorities. GLADE MICHEL WIRTZ has advised DFH on several transactions in the past.

DFH has been initiating, placing and managing successfully closed-end real estate funds and asset structure funds for private and institutional investors since 1992. Since the company was founded, DFH has successfully completed 97 transactions with an investment volume of approximately EUR 12.8 billion in the market. DFH is a company of Deutsche Immobilien Holding AG, Delmenhorst, which is also the holding company for the Real Estate division of Zech Group SE, based in Bremen. 

Advising lawyers

GLADE MICHEL WIRTZ (Düsseldorf):

Dr. Marco Sustmann (Partner), Dr. Jan Hermes (Salary Partner), Dr. Philipp Kordt (Associate) – alle Corporate; Dr. Christian Karbaum (Partner), Hui Ye (Associate) – beide Competition

GLADE MICHEL WIRTZ hat in dieser Transaktion mit folgenden Partnerkanzleien zusammengearbeitet:

Kliemt.Arbeitsrecht: Dr. Alexander Ulrich

honert + partner (Steuerrecht): Dr. Jochen Neumayer

The press release is available for download here.

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About GLADE MICHEL WIRTZ

GLADE MICHEL WIRTZ, with currently approx. 30 lawyers and a total of approx. 60 legal and non-legal employees, specializes in the areas Corporate & Competition, as well as in the fields of M&A, litigation, and compliance. As a focused boutique law firm, GLADE MICHEL WIRTZ advises, nationally and internationally, companies listed on the DAX, MDAX or TecDAX, medium-sized companies as well as foreign, globally active groups and investors in corporate law, on mergers and acquisitions, on restructuring and reorganization, in cartel fine and merger control proceedings as well as on compliance issues. In the area of litigation, the focus is on resolving conflicts under corporate law, capital markets law and antitrust law.

For further information please contact: (V.i.S.d.P.)