Joachim Herz Stiftung enters German Real Estate Market with GvW Graf von Westphalen
Joachim Herz Stiftung makes a strategic investment into Competo Capital Partners GmbH: The Hamburg based foundation acquires 25% of the Munich based investment and asset management company from Körber Stiftung. Competo founders Ralf Simon and Thomas Pscherer will be equal shareholders with Joachim Herz Stiftung and Körber Stiftung. After several real estate investments in the USA, this investment marks the entry of Joachim Herz Stiftung in the German real estate market.
Competo Capital Partners GmbH is an independent investment and asset management company led by its founders with its core expertise in tailor-made investments in project developments as well as long-term investments in existing real estate. Since 2007, Competo has bundled selected institutional investors consisting nearly exclusively of foundations and family offices.
The foundation implements its non-profit goals particularly by domestic and international projects in the areas of personal development, sciences and economics. The foundation has total assets of approx. 1.3 billion Euros. Since 2017, approx. 16 million Euros are available per annum for non-profit work.
GvW has advised Joachim Herz Stiftung in this transaction with a cross-office team led by Christian Mayer-Gießen (Corporate/M&A, Hamburg) as well as Dr Ritesh Rajani (Corporate/M&A, Hamburg), Felix Wolf (Corporate/M&A, Munich), David Wende, Dr Magnus Dorweiler (both commercial real estate, Frankfurt) and Dr Carsten Bittner (antitrust/merger control, Hamburg).
News
Federal Administrative Court: Fehmarn Belt Fixed Link may be built
The Federal Administrative Court has dismissed all six pending appeals against the planning decision on the Fehmarn Belt Fixed Link. Construction of the tunnel may therefore now also begin in Germany. GvW advised the State of Schleswig-Holstein and was represented by a Hamburg team consisting of Dr Ronald Steiling (lead), Corinna Lindau, Dr Dietrich Drömann, Prof. Dr Christian Winterhoff, Dr Andreas Wolowski, Saskia Soravia, Dr Stefanie Ramsauer, Dr Annika Bleier, Felix Kazimierski and Niclas Langhans. (BVerwG 9 A 6.19, 9 A 7.19, 9 A 9.19, 9 A 10.19, 9 A 11.19, 9 A 12.19 and 9 A 13.19).
H4 Hotel Mönchengladbach at BORUSSIA-PARK: the place for that Bundesliga feeling
Football is king at H-Hotel Group’s new H4 Hotel in Mönchengladbach. Its location right next to the stadium and the theme rooms depicting the history of the Borussia Dortmund football club make this new hotel unique and a must for any football enthusiast. Our lawyers had the pleasure of advising H-Hotels Group on the creation of its first football-themed hotel and took the chance to visit this amazing place shortly after its opening.
Transport System Bögl: new local public passenger transport system a big success in China
The Max Bögl group of companies has developed a new local public passenger transport system. The system called “Transport System Bögl” (TSB) uses magnetic levitation, or “maglev” technology and provides a clean and cost-efficient means of transport for better mobility in inner city areas. The technology is becoming increasingly popular also in other countries: Max Bögl’s most recent export order was the sale of its TSB to China. The company’s plans include building a 3.5 km test track in Chengdu and extensive marketing activities to promote the technology in China – all through a sales partnership with a Chinese company.
You don't want to miss any more of the latest legal developments? And be invited to our events? Then register here.