Reed Smith and KPMG represented Marathon Asset Management, while Clifford Chance represented Tristan Capital Partners in the transaction.
A joint venture of Tristan Capital Partners acquires a commercial property ready for development in the ‘Klébergelände’ industrial and commercial park in St. Ingbert (Saarland). Vendor is a fund affiliated with MCAP Global Finance (UK) LLP, the European subsidiary of New York headquartered Marathon Asset Management LP. The property has a total area of approx. 120,000 sqm and represents 50% of the total site predeveloped by Marathon. The plot is expected to be developed with commercial and logistic properties. Consulting agency SNEL, specialised in commercial and industrial real estate development, managed the demolition works, rezoning and marketing with Marathon.
Reed Smith (Munich) advised Marathon with Dr. Etienne Richthammer, Frederik E. Laux and Dr. Sarah Helml (all Real Estate).
KPMG (Hannover) team included Falko Fiedler, Niels-Ullrich Bohn (Tax).
Clifford Chance (Frankfurt) advised Tristan with Dr. Philipp Stoecker, Stephanie Cohen (Real Estate).
Involved fees earner: Stephanie Cohen – Clifford Chance; Philipp Stoecker – Clifford Chance; Niels-Ullrich Bohn – KPMG; Falko Fiedler – KPMG; Sarah Helml – Reed Smith; Frederik Laux – Reed Smith; Etienne Richthammer – Reed Smith;