Barings Real Estate Advisers’s €90 Million Acquisition of Karstadt’s main logistics center in Germany

Goodwin advised Barings Real Estate Advisers on the acquisition of Karstadt’s main logistics center for approximately €90 million.

The seller is a joint venture consisting of a U.S. investor and the pan-European investment and asset manager M7 Real Estate, which had acquired the property in 2016. The acquisition, which Barings carried out on behalf of a U.S. institutional investor, is one of the largest single asset deals in the logistics property market in Europe since 2016.

Barings Real Estate Advisers is part of Barings LLC, one of the world’s largest diversified real estate investment managers. The group, led by Thomas Michael Finke, Russell Daniel Morrison, Paul John Thompson and Oliver Burgel, is an active investor in private and public equity and debt markets, and provides core, value-added, and opportunistic investment and advisory services to institutional and other qualified investors around the globe.

The Goodwin team was led by partner Marc Bohne (Picture) and included partner Heiko Penndorf and associates Vivien Jöst, Christopher Jeschor and Felix Krüger.

Involved fees earner: Marc Bohne – Goodwin Procter; Vivien Jöst – Goodwin Procter; Christopher Jeschor – Goodwin Procter; Heiko Penndorf – Goodwin Procter; Felix Krueger – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Barings Real Estate Advisers LLC;