Sonae Sierra and MAB Development’s sale of shopping center “Hofgarten Solingen”

Sonae Sierra and MAB Development executed the sale of shopping center “Hofgarten Solingen” by way of a complex share deal to two companies based in Luxemburg, which were advised by Revcap Advisers Limited.

Hofgarten Solingen is the largest shopping center in the German city of Solingen and, after Allee-Center in Remscheid, the second-largest shopping center in the area Bergisches Land. The property in Kölner Straße in Solingen, Germany, offers 22,700 sqm of retail and 1,800 sqm of restaurant space. The more than 60 tenants include, among others, electronics retailer Saturn and the grocery chain Edeka. The city of Solingen is close to Düsseldorf and Cologne and in the center of the economically strong Rhine-Ruhr region.

Sonae Sierra is an international retail real estate company with 11 offices in Europe, Africa and South America that develops, manages and invests in sustainable retail assets. The company owns 41 shopping centers with a market value of more than 7 billion euros.

Bryan Cave Leighton Paisner advised Sonae Sierra and MAB Development with a team including Hanns-William Mülsch, Partner (Picture), Katharina von Rosenstiel (Real Estate), Dominik Ernst (Tax) and Ann-Katrin Schulte (Real Estate)

Involved fees earner: Dominik Ernst – Bryan Cave Leighton Paisner; Hanns-William Mülsch – Bryan Cave Leighton Paisner; Ann-Katrin Schulte – Bryan Cave Leighton Paisner; Katharina von Rosenstiel – Bryan Cave Leighton Paisner;

Law Firms: Bryan Cave Leighton Paisner;

Clients: MAB Development Grou NV; Sonae Sierra;