POELLATH advises joint venture on acquisition of 500 residential units in Hamburg and Regensburg
POELLATH has provided tax advice to a joint venture between Ontario Teachers’ Pension Plan and DW Effectum Residential on the expansion of its residential property portfolio in Germany through two further acquisitions. A total of 500 residential units in Hamburg and Regensburg were acquired.
In Regensburg, the joint venture acquired a fully let residential property portfolio comprising 250 residential units from a German investment company. In Hamburg, this was followed by the acquisition of a further 250 residential units from a family office. With these two acquisitions, the joint venture continues to expand its portfolio of rented residential properties across Germany.
POELLATH advised the joint venture on the German tax aspects of both transactions with the following Berlin team:
- Dr. Hardy Fischer (partner, tax)
- Vanessa-Mercedes Völlkopf, LL.B. (senior associate, tax)
BSP advised on the Luxembourg tax law aspects.
