Cerberus sells a portfolio of 39 wholesale markets to Aroundtown

Ashurst advised Cerberus Capital Management on the sale of a portfolio of 39 wholesale markets, rented to retail and wholesale group Metro AG, and its existing senior and mezzanine financing to Aroundtown Property Holdings.

Cerberus had acquired the portfolio in 2011, together with three other commercial properties, from the largest shareholders of Metro AG, the Beisheim, Haniel and Schmidt-Ruthenbeck families.

The Ashurst team was led by real estate partner Dr Hendrik Theismann (picture) and corporate partner Jan Krekeler, assisted by counsel Nicolas Deuerling, senior associate Michael Mehler and associate Daniela Kowalsky (all Real estate); associates Markus Hiebel and Anna-Maria Krekeler (all Corporate); partner Sebastian Schoon and counsel Christiane Bestgen (all Finance).

Involved fees earner: Nicolas Deuerling – Ashurst; Hendrik Theismann – Ashurst; Michael Mehler – Ashurst; Daniela Kowalsky – Ashurst; Jan Krekeler – Ashurst; Markus Hiebel – Ashurst; Anna-Maria Krekeler – Ashurst; Sebastian Schoon – Ashurst; Christiane Bestgen – Ashurst;

Law Firms: Ashurst;

Clients: Cerberus Capital;