BGP Investment S.à.r.l.’s Sale To ZBI Group

Clifford Chance has advised residential real estate specialist BGP Investment S.à.r.l. on the sale of all its real estate to ZBI Group.

As part of the transaction, around 16,000 residential and commercial units will be transferred to ZBI Group’s special funds. The management of the apartments essentially remains in the hands of BGP Asset Management GmbH, which is also sold to ZBI Group. The acquired residential units will become part of the open-ended real estate fund ‘UniImmo: Wohnen ZBI’ and the special real estate fund ‘ZBI Union Wohnen Plus’. Around 25 percent of the commercial units and apartments are located in Berlin, other properties are located in Cologne or Hamburg. The parties agreed not to disclose the purchase price.

ZBI operates as a real estate company. The Company constructs, sells, and rents residential complexes, corporate buildings, and guest houses.

The BGP Group employs more than 250 people at 13 locations and covers the entire value chain for its own real estate portfolio.

The international Clifford Chance team comprised partner Patrick Biagosch (Picture), associates Nico Basener and Laura Treublein (Munich), counsel Harald Amer and of counsel Georg von Waldenfels, senior associate Susanne Werry (Frankfurt, all Corporate/M&A), counsel Martin Barlösius (Real Estate), senior associate Alexander Weiss (Litigation & Dispute Resolution, both Munich), partners Christof Häfner and Gregor Evenkamp and senior associate Tobias Spahn (all Banking & Finance, Frankfurt), partners Jutta Aichele, Stefan Behrens and Josef Brinkhaus (all Tax, Frankfurt), partner Stefan Simon (Frankfurt) and associate Mario Maier (Munich, both Employment), partner Joachim Schütze and senior associate Florian Wiesner (both Antitrust, Düsseldorf) as well as partner Christian Kremer, associate Tim Doll and Trainee Lawyer Raphael Theiss (all Corporate, Luxembourg).

Involved fees earner: Jutta Aichele – Clifford Chance; Harald Amer – Clifford Chance; Martin Barlösius – Clifford Chance; Nico Basener – Clifford Chance; Stefan Behrens – Clifford Chance; Patrick Biagosch – Clifford Chance; Josef Brinkhaus – Clifford Chance; Tim Doll – Clifford Chance; Gregor Evenkamp – Clifford Chance; Christof Häfner – Clifford Chance; Christian Kremer – Clifford Chance; Mario Maier – Clifford Chance; Joachim Schutze – Clifford Chance; Stefan Simon – Clifford Chance; Tobias Spahn – Clifford Chance; Laura Treublein – Clifford Chance; Georg Waldenfels – Clifford Chance; Alexander Weiss – Clifford Chance; Susanne Werry – Clifford Chance; Florian Wiesner – Clifford Chance;

Law Firms: Clifford Chance;

Clients: BGP INVESTMENT s.à r.l.;