HauckSchuchardt Advises Alpha Industrial on the Sale of a Logistics Properties Portfolio
HauckSchuchardt has advised Alpha Industrial Holding SA on all tax issues regarding the sale of a comprehensive portfolio of logistics properties to Frasers Property Investments Europe.
The total volume of the transaction amounts to approximately 600 million Euro. Along with Alpha Industrial, the sellers are two funds, which are managed by Tristan Capital Partners.
The portfolio comprises 16 properties in Germany and Austria with a renting space of approximately 394,000 square metres, along with six project developments with a renting space of 162,500 square metres. Within the framework of this transaction Alpha Industrial GmbH & Co. KG – the subsidiary responsible for the project development and asset management – was also sold to Frasers Property Investments.
Alpha Industrial belongs to the largest project developer in the sector of industry, logistics and service real estate Europe-wide, and intends to concentrate on building up a multi-family office focussing on the real estate business in future.
Under the direction of Partners Henning Schuchardt and Dominik Berker (both tax advisors); a HauckSchuchardt team advised on all tax aspects of the transaction. Since the company was founded in the year 2007, Alpha Industrial has taken tax advice from HauckSchuchardt. Legal advice on the transaction was given to Alpha Industrial by CMS Deutschland under the leadership of Partners Heinrich Schirmer, Johanna Hofmann and Dr. Oliver Wolfgramm.
HauckSchuchardt is involved in large real estate transactions on a regular basis. Amongst other projects, most recently RFR Group consulted Henning Schuchardt’s tax team on tax issues regarding the property sale to Signa Prima – the largest real estate transaction of the past year.