Dentons advises INVESTIKA on its majority stake acquisition in “Höfe am Brühl” shopping center in Leipzig from Unibail-Rodamco-Westfield and on related financing

Berlin-Global law firm Dentons has advised Czech real estate fund INVESTIKA Real Estate Fund (Investika) on the acquisition of an 89.9 percent stake in the owner of the Höfe am Brühl shopping center in Leipzig. This also included advising Investika on the financing of the acquisition, funded by Helaba and completed this week. The acquisition marks Investika's entry into the German market.

The Höfe am Brühl shopping center is located in downtown Leipzig and has a total area of approximately 45,000 square meters with more than 130 retail stores, leased to Adidas, Bershka, H&M, Media Markt, and others. The seller of the investment is Unibail-Rodamco-Westfield (URW). URW will retain a 10.1 percent stake and will initially remain responsible for center and asset management.
A multidisciplinary Dentons team in Berlin, Dusseldorf, Frankfurt and Prague advised Investika on all legal aspects of the transaction, including the letter of intent, due diligence, negotiation of contractual agreements with URW and financing. The Frankfurt Banking and Finance team-supported by colleagues from Dentons' Prague office-provided comprehensive support and negotiation of the loan documentation between Investika and Helaba, as the financing bank.

Advisors on the acquisition:

Dirk-Reiner Voß (overall Lead Partner), Dr. David Lange (Partner), Dr. Jonas Ulmrich (Counsel), Laura Appell (Counsel), Birte Klasmeier, Johanna Flor-Ohleyer (both Senior Associate), Dr. Christoph Blotenberg (Associate, all Real Estate Law, all Berlin), Dr. Dominik Thomer (Partner, Tax, Dusseldorf), Matthieu Emonet (Counsel, Corporate/M&A, Berlin)

Advisors on the financing:

Dr. Arne Klüwer (Lead Partner Banking and Finance), Eike Pradt (Senior Associate, both Frankfurt), Ondřej Bartoň (Partner), Miroslav Sýkora (Associate, both Prague, all Banking and Finance)

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com