Goodwin’s Real Estate Industry group has advised OCP in connection with the acquisition of 89.9% of the corporate structure holding German based Adler Group's "Cosmopolitan" real estate portfolio, including in relation to OCP’s joint venture with One Investment Management Ltd, and various related management arrangements. The strategic transaction encompasses 6,788 residential units in Germany’s North Rhine-Westphalia region valued at €422,500,000.
The transaction reinforces Goodwin’s market position acting for leading real estate investment and asset managers on complex and premium deals, including in the European living sector.
The Goodwin team was led by London partner Ray Fang, with the core team including Indy Sohal (Corporate Real Estate), Matt Birchall, Katie Leah (Tax), and Toby Young (Real Estate Finance), with German law input from Catharina Förster (Real Estate), Anke Johann (Real Estate Finance) and Felix Krüger (Tax).