Luther supports Mähren AG in the acquisition of two real estate portfolios for around 288 million euros
Recently, German real estate investment company Mähren AG has sold two real estate portfolios with a total of 62 properties and 2,197 units in Berlin, Halle (Saale), Magdeburg, and Leipzig for around 287.5 million euros. The portfolios were bought by ADO Properties and Brack Capital (Brack Capital Properties N.V.). Mähren AG chose law firm Luther as its adviser for both transactions. With the two sales, Mähren AG has completed transactions totalling almost 470 million euros in the current year, which means that already in the first nine months of 2017, it has realized the best annual result since the company was established.
About Mähren AG
Mähren AG is a Berlin-based real estate investment company. The company was established in 2002 by its CEO Jakob Mähren. Mähren AG invests above all in residential real estate in Berlin. It acquires traditional rental buildings, residential complexes, and real estate portfolios and, since 2017, increasingly also commercial properties. In addition, its broader investment radius also covers central and eastern German regional centres as well as selected residential markets throughout all of Germany.
For Mähren AG
Luther, Real Estate Law: Detlev Stoecker (Partner, based in Berlin)