IFLR1000

Standard Life Investments €320 million acquisition of Lilli real estate portfolio

19/10/2015
Private acquisition
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€ 320 million

$ 340.160 million

Completed

19/10/2015

Overview:

  • Standard Life Investments has acquired the Lilli real estate portfolio for €325 million from Luxembourg funds Conrenland and N + 1 REIM.
  • The portfolio is made up of commercial office properties across Germany including Hanse Carrée, the Deichtor Center and the Hanseforum in Hamburg, the Coreal Tower in Frankfurt, the Büx in Stuttgart, the Von der Tann in Nuremberg and the Helmholtz in the Arnulfpark in Munich.
  • Corpus Sireo also invested in the portfolio.

Sam Duke - Editor

Jurisdictions:

Germany
Luxembourg

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Insurance
Real estate

Firms:
Allen & Overy

Party: CORPUS SIREO Investment Management (Investor)

Lawyers: Christian Hilmes, Hans Schoneweg

Arendt & Medernach

Party: Conrenland (Seller)

Party: N + 1 REIM (Seller)

Lawyer: Carsten Opitz

Clément Konrad & Partners

Party: Standard Life (Acquirer)

Lawyer: Christophe Clément

Freshfields Bruckhaus Deringer

Party: Conrenland (Seller)

Party: N + 1 REIM (Seller)

Lawyer: Timo Elsner

LPA-GGV

Party: Standard Life (Acquirer)

Lawyers: Andreas Feuerstein, Fabian Tross, Oliver Kirfel

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