Accompanied ehret + klein in the acquisition of a real estate portfolio with 13 properties in a share deal

Franconia Portfolio Verwaltungsgesellschaft mbH, a company of the ehret+klein Group based in Starnberg, took over a real estate company of the P&P Group based in Fürth together with a partner on 9 November 2018. Together with the real estate company, ehret + klein takes over its real estate portfolio with a total of 13 properties, three of which are partially owned. The properties are in Nuremberg, Fürth, Bamberg and Lauf a. d. Pegnitz. The centrally located properties have a rental area of around 22,500 m², of which around 14,100 m² are commercial properties (60%) and approx. 8,400 m² residential properties (40%). The parties have agreed not to disclose the purchase price.

A team of the commercial law firm HEUSSEN headed by partner Dr. Jan Dittmann advised ehret + klein on the legal aspects of its acquisition. Other team members were Dr. Johannes Weidelener, LL.M. and Alexander Jekeli, both partners in Munich and partner Michael Wichert from Berlin.

Ehret + klein wants to further develop the real estate properties in consultation with the municipalities and other local players in line with demand, and regards them as long-term, stable Investments. 

Real estate and construction law are pillars of HEUSSEN's activities. A total of 17 partners and 9 further highly qualified attorneys advise at all locations comprehensively in real estate and construction law, from project development to construction supervision, portfolio management and marketing. The clients include national and international real estate companies as well as real estate companies of banks and insurance companies, large and medium-sized companies in the construction industry, real estate owners, investors, real estate fund companies, plant constructors, project developers, project managers, architects, engineers, brokers, property developers and construction supervisors. 

Dr. Dittmann has been advising ehret + klein for a long time on its real estate projects.

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