GSK Stockmann provided the DFH Group with comprehensive legal and tax advice on its acquisition of HGA Capital.
The Stuttgart-based DFH Group has acquired HGA Capital Grundbesitz und Anlage GmbH (HGA Capital) as well as a majority stake in HGA Real Estate Treuhand GmbH from HGA Real Estate GmbH, all based in Hamburg, by way of a share deal. This included the acquisition of 13 active closed-end real estate funds with assets under management totalling around EUR 1.5 billion.
A GSK Stockmann team led by Frankfurt-based partner Johann Rumetsch provided the DFH Group with comprehensive legal and tax advice in connection with the transaction.
The acquired real estate portfolio consists of buildings in the hotel, shopping centre, office, residential, healthcare and logistics sectors. As part of the transaction, the DFH Group is taking over HGA Capital’s employees, as well as its 17,000 investors. This deal has significantly expanded the DFH Group’s portfolio of existing properties and increased its total real estate assets to around EUR 4 billion.
Advisers of the DFH Group at GSK Stockmann:
Johann Rumetsch (Lead Partner, Real Estate), Dr Petra Eckl (Partner, Tax), Daniel Fehling (Partner, Corporate), Dr Andreas C. Peters (Local Partner, Corporate); Sebastian Gerhards, Marc Nostitz (both Senior Associates, Tax); Dr Johanna Baumann-Landschein, Christian Hoffmann (both Associates, Corporate)
