White & Case Advises Aggregate on Acquisition of Project Portfolio With €1.3 Billion Residual Valuation
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Global law firm White & Case LLP has advised Aggregate Holdings S.A (Aggregate) on the acquisition of a project portfolio from ZAR Real Estate.
Aggregate is acquiring 85 percent of the portfolio, which has a gross development value of €4.5 billion and a residual valuation of €1.3 billion. The parties have agreed not to disclose the volume or further details of the transaction.
With the transaction, Aggregate acquires around 1.2 million square metres of real estate space in a total of ten projects in Berlin, Düsseldorf and Frankfurt. The focus of the portfolio is mixed-use urban development, comprising space for offices, residential, commercial and retail.
The White & Case team that advised on the transaction was led by partner Holger Wolf (Frankfurt) and included partners Gernot Wagner, Sebastién Seele and Bodo Bender (all Frankfurt), local partners Thyl Hassler (Düsseldorf) and Tim Bracksiek (Frankfurt) and associates Sandra D'Ascenzo, Guerkan Akbaba, Lukas Hackmann, Sina Reck (all Frankfurt), Philipp Kynast (Düsseldorf), Kathrin Ahting and Christian Crohn (both Berlin).
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