HauckSchuchardt Advises Redefine International on Leopard Portfolio Sale
HauckSchuchardt has advised Redefine International, a British FTSE-250 REIT, on all fiscal aspects regarding the sale of its so-called Leopard Portfolio. The shares of 11 target companies, held indirectly by Redefine International, as well as two individual properties through a mixed asset and share deal with existing financing arrangements being assumed. The sale price amounts to 205 million Euro. The portfolio was acquired by Patrizia Alternative Investments for a foreign pension fund.
The Leopard Portfolio comprises 66 retail properties in Germany total renting space of approximately 140,000 square metres. The majority of the properties are rented to Edeka, as well as to Netto, Lidl, dm and Rossmann.
Redefine International was advised on all tax-related questions regarding the transaction by HauckSchuchardt Partner Dominik Berker, as well as Pinsent Masons’ advisor Werner Geißelmeier.
Redefine International took legal advice from Pinsent Masons under the leadership of Jörn Fingerhuth.