P+P provides tax advice to Deutsche Wohnen on the acquisition of a real estate portfolio of Patrizia
P+P Pöllath + Partners provided tax advice to Deutsche Wohnen AG on the purchase of the "Harald" portfolio from Patrizia Immobilien AG. The portfolio includes German and Dutch companies and real estate assets with a total of 13,600 housing units. The transaction volume amounts to approximately EUR 1.1 billion.
Deutsche Wohnen AG is one of the leading listed real estate companies in Germany and Europe, primarily focusing on the management and development of its portfolio with an emphasis on residential property. On September 30, 2015, the assets include 147,000 residential units and 2,100 commercial units – a total of 149,100 units.
P+P Pöllath + Partners provided tax advice to Deutsche Wohnen AG with the following team:
Squire Patton Boggs' partner Kai Mertens (lead, corporate/M&A), Elmar Bickert (senior associate, real estate) and Moritz Loeb (associate, corporate/M&A) provided legal advice to Deutsche Wohnen AG.