Blackstone acquires OFFICEFIRST Immobilien AG from IVG


Hengeler Mueller advised Blackstone on this transaction.

Real estate funds managed by Blackstone (“Blackstone”) have acquired OFFICEFIRST Immobilien AG from IVG Immobilien AG. OFFICEFIRST Immobilien contains IVG’s carved out strategic core portfolio. With 97 properties worth about EUR 3.3 bn (reporting date 30 June 2016), OFFICEFIRST Immobilien is one of the largest owners of office properties in the German real estate market. The parties have agreed not to disclose financial details of the transaction.

Blackstone is one of the world’s leading investment and advisory firms. Its alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-focused funds and closed-end funds. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services.

The Hengeler Mueller team includes partners Partner Thomas Müller (Picture) (M&A/Real Estate), Karsten Schmidt-Hern (M&A/Corporate) (both Frankfurt), Markus Röhrig (Brussels), Alf-Henrik Bischke (Düsseldorf) (both Antitrust), Christian Hoefs (Labour, Frankfurt), Jan Bonhage (Public Law, Berlin) as well as associates Lars Voigt, Daniel Spitze, Björn Bork (all M&A/Real Estate, Frankfurt), Christina Wolf (Antitrust, Brussels), Isabel Rhode (Labour, Frankfurt), Till Hiemenz-Müller (Financing, Frankfurt), Erasmus Hoffmann (Public Law, Berlin).

Involved fees earner: Thomas Müller – Hengeler Mueller; Karsten Schmidt-Hern – Hengeler Mueller; Lars Voigt – Hengeler Mueller; Daniel Spitze – Hengeler Mueller; Björn Bork – Hengeler Mueller; Markus Röhrig – Hengeler Mueller; Alf-Henrik Bischke – Hengeler Mueller; Christina Wolf – Hengeler Mueller; Christian Hoefs – Hengeler Mueller; Isabel Rhode – Hengeler Mueller; Jan Bonhage – Hengeler Mueller; Erasmus Hoffmann – Hengeler Mueller; Till Hiemenz-Müller – Hengeler Mueller;

Law Firms: Hengeler Mueller;

Clients: Blackstone;