Fried Frank represented Cording Real Estate Group, a German, UK and Benelux real estate investment and asset management firm with €2.3 billion management mandates and 80 employees, on its acquisition of a German light industrial portfolio for €55.7 million from Gramercy Europe, a pan-European real estate investment fund manager.
Cording completed the acquisition, in association with Israeli insurance company and pension manager Migdal, through equity investment without leverage.
The portfolio, known to the market as the “Robin Portfolio,” comprises three properties with a total lettable area of around 70,000 square meters.
Cording Real Estate Group LLP, an integrated real estate business, provides portfolio management, investment management, asset management, property management, and development management services. The company, led by Rodney Bysh and John Partridge, is based in London.
The Fried Frank team was led by corporate partner Dr. Jürgen van Kann (Picture) and included corporate special counsel Thorsten H. Stücklin, corporate senior associates Anjela Keiluweit and Dr. Jan Thomas Petersen, and tax partner Katrin Gänsler.
Involved fees earner: Juergen van Kann – Fried Frank Harris Shriver & Jacobson; Anjela Keiluweit – Fried Frank Harris Shriver & Jacobson; Jan Thomas Petersen – Fried Frank Harris Shriver & Jacobson; Thorsten Stuecklin – Fried Frank Harris Shriver & Jacobson; Katrin Gänsler – Fried Frank Harris Shriver & Jacobson;
Law Firms: Fried Frank Harris Shriver & Jacobson;
Clients: Cording Real Estate Group LLP;