07 Nov 2017 | 10:05 am | 1 min. read
International Law Firm Pinsent Masons has advised Redefine International P.L.C., the FTSE 250 income focused UK-REIT, on the sale of the Leopard (German supermarket) Portfolio for EUR 205 million.
Redefine International disposed its indirect shares in 11 target companies and two single assets by means of a mixed asset and share deal including the transfer of existing loans. Patrizia Alternative Investments GmbH acquired the portfolio for a foreign pension fund.
The Leopard Portfolio comprises 66 German retail properties including a mixture of stand-alone supermarkets and foodstore anchored retail parks, mainly let to Edeka, Netto and Lidl as well as to dm and Rossmann, totalling over 138,000 square metres of lettable space.
Pinsent Masons Germany advised Redefine International on all legal aspects of the sale, with assistance from the Pinsent Masons team in Dublin. The Munich team, led by Jörn Fingerhuth (Head of German Real Estate) and Mark Leonhard (Head of German Banking & Finance) previously advised Redefine International on the acquisition of a major part of the portfolio in 2015 and on the subsequent refinancing.
Due to the complex cross-border corporate structure the transaction involved several jurisdictions – including not only German law but also the laws of Luxembourg, Ireland and British Virgin Islands. This required a highly experienced, multi-jurisdictional legal project management team for both the seller and the buyer.
The Pinsent Masons team advising Redefine International P.L.C on the deal comprised of Jörn Fingerhuth (Partner, Real Estate/M&A, Munich, lead management), Mark Leonard (Partner, Real Estate Finance, Munich), Werner Geißelmeier (Partner, Real Estate Tax, Munich), Dr. Michael Reich (Partner, Merger Control, Munich), Dennis Agnew (Partner, Corporate, Dublin), Julia Stubert, LL.M., Yasmin Ali, Irene Azzariti, Dr. Johannes Maidl, Dr. Florian Anselm, Marina Arntzen, LL.M., Olivia Irrgang, Dr. Alexander Kast, LL.M. (all Real Estate/M&A, Munich), Domenico Schwan (Real Estate Finance, Munich).
Other advisers: HauckSchuchardt was advised by Dominik Berker. MNKS, Luxemburg was advised by Saskia Myners (Partner), Jean-Philippe Smeets, Mélissandre Demarcq, Anna Gassner. Patrizia Alternative Investments GmbH was advised by Allen & Overy.
Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC) on its investment in Mongolia’s first ever green bond issuance.
Multinational law firm Pinsent Masons has hired real estate partner, Louisa Lynch, in Dubai.
Multinational law firm Pinsent Masons has hired pensions partner Andy Wright into its Leeds office, taking the size of its pension team to 64.
Multinational law firm Pinsent Masons has hired real estate partner, Louisa Lynch, in Dubai.
Multinational law firm Pinsent Masons has advised renowned affordable luxury jewellery brand Monica Vinader on the latest strategic investment from Bridgepoint Development Capital IV, a fund focused on investing in mid-market growth businesses.
Multinational law firm Pinsent Masons has advised global investment company, abrdn, on the agreement to sell its discretionary fund management (DFM) business, abrdn Capital, to LGT.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]
