Benson Elliot’s Sale Of Majority Stake In Geraer Wohnungsbaugesellschaft mbH

Greenberg Traurig advised Benson Elliot on the sale of its 74.9 percent majority stake in GWB “Elstertal” Geraer Wohnungsbaugesellschaft mbH (GWB).

The buyer is an investment company of the Free State of Thuringia, Germany.

Benson Elliot acquired a majority stake in GWB in August 2016. At that time, the managed portfolio comprised around 330 buildings with 6,700 residential units and 402,000 square meters of rental space. Since then, the portfolio has increased in value through targeted investments and the optimization of management processes. In addition, properties not belonging to the core residential business were sold and a comprehensive refinancing agreement was concluded with the Landesbank Baden-Württemberg at the beginning of 2019.

The Greenberg Traurig team was composed by Dr. Henrik Armah (Picture), Dr. Martin Hamer, Dr. Christoph Enaux, Dr. Anika Mitzkait, Dr. Kara Preedy, Dr. Sara Berendsen, Claudia Stremel, Dr. Oliver Markmann, Dr. Philipp Osteroth, Johannes Sobanski, Pamela Zieba, Alexandra Parascho, Dr. Johann-Frederik Schuldt, Dr. Lucas Wüsthof and Maximilian Morgenthaler.

Involved fees earner: Henrik Armah – Greenberg Traurig; Sara Berendsen – Greenberg Traurig; Christoph Enaux – Greenberg Traurig; Martin Hamer – Greenberg Traurig; Oliver Markmann – Greenberg Traurig; Anika Mitzkait – Greenberg Traurig; Maximilian Morgenthaler – Greenberg Traurig; Philipp Osteroth – Greenberg Traurig; Alexandra Parascho – Greenberg Traurig; Kara Preedy – Greenberg Traurig; Johann-Frederik Schuldt – Greenberg Traurig; Johannes Sobanski – Greenberg Traurig; Claudia Stremel – Greenberg Traurig; Lucas Wüsthof – Greenberg Traurig; Pamela Zieba – Greenberg Traurig;

Law Firms: Greenberg Traurig;

Clients: Benson Elliot Capital Management LLP;