Godewind Immobilien AG’s €450 Million Initial Public Offering

Clifford Chance, Hansa Partner Rommel & Meyer and Norton Rose Fulbright advised on the transaction

Listing will be on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) with start of trading of the shares on or about April 5, 2018.

Godewind, real estate company, specialising in German commercial real estate, intends to raise gross proceeds of €450 million by selling 112,500,000 newly issued shares under the IPO. The offer also includes an upsize option with an additional 25,000,000 newly issued shares which would lead to total gross proceeds of up to €550 million. The members of the Management Board and Supervisory Board of Godewind have committed themselves to participating in the IPO and providing further investors in the IPO with an aggregate investment of €50 million.

The proceeds from the issue will serve to build up a real estate portfolio, which should grow to a volume of around €3 billion in the medium term. The company has already identified acquisition opportunities worth €3.7 billion.

Godewind Immobilien AG operates as a property management company. The Company, led by Stavros Efremidis and Ralf Struckmeyer, focuses on the acquisition, structuring, and management of commercial properties.

Clifford Chance advised Godewind with George Hacket (Picture), Christian Vogel (Corporate), Gregor Evenkamp (Regulatory/AIFM), Stefan Simon (Employment), Olaf Mertgen (Tax), Barbora Moring (Capital Markets), Maria Köhler, Ribana Piontek (Corporate), David Santoro, Andrei Dan Manea (Capital Markets), Werner Radziwill (Regulatory/AIFM), Christopher Fischer (Employment), Lisa Bertling (Tax).

Hansa Partner Rommel & Meyer advised Godewind with Holger Balhorn, Gottfried Fröhlich, Christian Chemnitz and Matthias Meyr (Tax).

Norton Rose Fulbright advised the banking consortium led by Citigroup and J.P. Morgan with a team including Benedikt Gillessen, Jan-Peter Heise, Denis Dräger (all capital markets, Frankfurt), Thomas Vita, Kevin Connolly, Kayla Kirk (all US capital markets, London), Oliver Polster (corporate, Frankfurt), Tino Duttiné (Frankfurt), Michael P. Flamenbaum (New York) and Sarah Slavik-Schulz (Hamburg, all tax) as well as of counsel Tobias Block (real estate, Hamburg).

Involved fees earner: Holger Balhorn – Hansa Partner Rommel & Meyer; Gottfried Fröhlich – Hansa Partner Rommel & Meyer; Christian Chemnitz – Hansa Partner Rommel & Meyer; Matthias Meyr – Hansa Partner Rommel & Meyer; Benedikt Gillessen – Norton Rose Fulbright; Jan-Peter Heise – Norton Rose Fulbright; Denis Dräger – Norton Rose Fulbright; Thomas Vita – Norton Rose Fulbright; Kevin Connolly – Norton Rose Fulbright; Kayla Kirk – Norton Rose Fulbright; Oliver Polster – Norton Rose Fulbright; Tino Duttiné – Norton Rose Fulbright; Michael Flamenbaum – Norton Rose Fulbright; Sarah Slavik-Schulz – Norton Rose Fulbright; Tobias Block – Norton Rose Fulbright; George Hacket – Clifford Chance; Christian Vogel – Clifford Chance; Barbora Moring – Clifford Chance; Maria Köhler – Clifford Chance; Ribana Piontek – Clifford Chance; David Santoro – Clifford Chance; Andrei Dan Manea – Clifford Chance; Stefan Simon – Clifford Chance; Christopher Fischer – Clifford Chance; Gregor Evenkamp – Clifford Chance; Werner Radziwill – Clifford Chance; Olaf Mertgen – Clifford Chance; Lisa Bertling – Clifford Chance;

Law Firms: Hansa Partner Rommel & Meyer; Norton Rose Fulbright; Clifford Chance;

Clients: Citigroup Inc.; JP Morgan; Godewind Immobilien AG;