Deal news_GSK advises Multiplex Property Fund

Deal news_GSK advises Multiplex Property Fund

BERLIN
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10117 Berlin
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Berlin, 4 December 2014
GSK advises Multiplex Property Fund on the sale of nursing
homes portfolio to Patrizia
GSK Stockmann + Kollegen advises Multiplex European Property Fund, a
property trust listed on the Australian Securities Exchange (ASX) which owns
more than 90% interest in property assets located throughout Germany, on
the sale of five nursing homes in Germany to Patrizia Pflege-Invest Deutschland I, a real estate special fund focussing on modern, high-quality health care
properties.
The portfolio, known as the Silver portfolio, comprises “Haus am Steinsgraben“ in
Göttingen, “Seniorenzentrum Im Brühl“ in Erfurt, “Residenz Lahnblick“ in Wetzlar,
“Haus Bernhard“ in Eisenhüttenstadt and “Haus Andreas“ in Schwedt. The five nursing homes were completed in 2001 and 2003 respectively and offer a total of 632
care places and 29 units in the assisted living area. The nursing homes were acquired by investment fund Patrizia Pflege-Invest Deutschland I. The parties agreed
not to disclose the transaction value, but this deal may be considered one of the
biggest nursing home transactions this year.
GSK Stockmann + Kollegen offered extensive legal advice in real estate law to the
seller.
Legal advisor to Multiplex European Property Fund:
GSK Stockmann + Kollegen: Dr. Olaf Schmechel (leading partner, Real Estate), Dr.
Enno Stange (Real Estate), Christian Hausdorf (Real Estate)
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Contact:
GSK STOCKMANN + KOLLEGEN
Dr. Olaf Schmechel
Mohrenstraße 42
10117 Berlin
Tel.: +49 30 203907-0
Fax: +49 30 203907-44
E-Mail: schmechel@gsk.de
GSK Stockmann + Kollegen is one of Germany's leading independent law firms.
GSK focuses on real estate, corporate, banking/finance and public law. It was
founded in 1997 by lawyers from renowned business law firms. Today, more than
140 lawyers and tax advisors are at our clients' disposal at our offices in Berlin,
Frankfurt, Hamburg, Heidelberg, Munich, Stuttgart, Brussels and Singapore.
For further information, please visit: www.gsk.de
In cross-border transactions, GSK cooperates closely with a selected circle of reputable law firms encompassing the most significant European jurisdictions. These law
firms are Nabarro LLP (UK), Nunziante Magrone (Italy), Roca Junyent (Spain) and
Lefèvre Pelletier (France). This exclusive network now includes more than 980 lawyers in Europe’s most important financial and economic centres based in 31 offices,
covering the European metropolis Brussels as well as Algeria, Morocco, Dubai, Singapore, Hong Kong and China.
GSK. The Difference.
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