News & Insights

Cases & Deals

November 15, 2018

K&S advises BEOS on sale of EUR 520 mio. real estate fund portfolio

King & Spalding has advised BEOS AG on the sale of the special fund BEOS Corporate Real Estate Fund Germany I (CREFG I) which was set up as open-ended real estate specialized fund by Capital Investment Company IntReal and Asset Manager BEOS AG in 2010. The fund portfolio comprises 21 mixed-used commercial properties with lettable space of 565.000 square meters located at the top sites of Germany's most attractive regions.

The transaction technically was carried out by either selling or transferring the fund shares of old investors to new investors. IntReal will stay the Service Capital Investment Company for the fund and BEOS will further be responsible for the asset management of the portfolio properties.

King & Spalding has advised the client on the vendor due diligence regarding the real estate properties held by the fund as well as on conception and structuring and final implementation of the transaction.

The Frankfurt based team included lead partners Mario Leissner and Dr. Andreas Böhme, Dr. Axel Schilder, Henning Aufderhaar, Nicole Bittlingmayer, Cüneyt Andac, Dr. Sten Hornuff and Michael Debesay.

BEOS AG is the leading asset manager and project developer for commercial real estate in Germany.