Velero Group’s Acquisition Of 2,700 Residential Units

Greenberg Traurig advised investors managed by the Velero Group (Velero) on the acquisition of approximately 2,700 residential units in North Rhine-Westphalia, Germany. The sellers are subsidiaries of LEG Immobilien AG.

The acquired portfolio comprises of approximately 208,000 square meters of residential space. The residential properties are located in Dortmund, Duisburg, Remscheid, Wuppertal and Dorsten and are to be further developed by the buyers through significant investments in the portfolio. Velero currently manages over 4,500 residential units for its investors in North Rhine-Westphalia. With the acquisition, the total portfolio in Germany has grown to more than 10,400 apartments.

The Greenberg Traurig team was composed by Dr. Josef Hofschroer (Picture), Dr. Henrik Armah, Dr. Martin Hamer, Dr. Christoph Enaux, Martin Dobias, Bineta Diambang, Natalie Hsiao, Pamela Zieba, Johannes Sobanski, Dr. Johann-Frederik Schuldt and Dr. Lucas Wüsthof

Involved fees earner: Henrik Armah – Greenberg Traurig; Bineta Diambang – Greenberg Traurig; Martin Dobias – Greenberg Traurig; Christoph Enaux – Greenberg Traurig; Martin Hamer – Greenberg Traurig; Josef Hofschroer – Greenberg Traurig; Natalie Hsiao – Greenberg Traurig; Johann-Frederik Schuldt – Greenberg Traurig; Johannes Sobanski – Greenberg Traurig; Lucas Wüsthof – Greenberg Traurig; Pamela Zieba – Greenberg Traurig;

Law Firms: Greenberg Traurig;

Clients: Velero Partners;