Silberlake sells residential portfolio in North Rhine-Westphalia with Heuking
With a team led by Dr. Peter Vocke, Heuking Kühn Lüer Wojtek advised Silberlake Real Estate Group on the sale of a residential portfolio across six sites in North Rhine-Westphalia. The portfolio was acquired by a consortium consisting of a fund managed by London-based Ares Management Corporation and Forte Capital from Frankfurt am Main. The parties agreed not to disclose the purchase price.
The portfolio comprises a total leasable area in excess of 40,000 square meters, with an average apartment size of more than 70 square meters and an occupancy rate close to 100 percent. All sites are characterized by continuously high demand for apartments. The properties are all in sought-after locations with very good public infrastructure.
Silberlake Real Estate Group is a Düsseldorf-based real estate investor, managing and developing real estate with a current value of more than EUR 500 million. It manages over 10,000 residential units in its own portfolio and third-party portfolios. The team led by Dr. Peter Vocke regularly advises Silberlake, most recently on the acquisition of 300 residential units in the Ruhr region.
Counsel to Silberlake Real Estate Group
Heuking Kühn Lüer Wojtek:
Dr. Peter Vocke (Lead)
Christoph Nöhles, LL.M.,
Katharina Wübken, LL.B. (all Real Estate), all Düsseldorf
Dr. Stephan Degen, Maître en Droit, Munich
Dr. Christoph Gringel, Frankfurt