Granite is expanding its portfolio of logistics properties in Europe: The Canadian-based REIT has acquired the so-called "Lime Portfolio" from the former Malaysian owners, consisting of a total of four logistics centers in Breda (Netherlands) as well as in Wiesbaden (31,877 sqm), Erfurt (20,814 sqm) and Korbach (71,856 sqm). The deal volume of this transaction amounted to approximately 200 million euros.
Granite is engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties. The company's portfolio consists of 134 properties in North America and Europe.
GvW advised Granite on the acquisition of the German assets under the lead of Dr Bettina Schmitt-Rady with a Frankfurt team consisting of David Wende, Dr Magnus Dorweiler, Johannes Schuhmann and Katharina Lanio (all real estate).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
You don't want to miss any more of the latest legal developments? And be invited to our events? Then register here.
