Heuking advises ILG on the acquisition of a local supply centre in Braunfels

A team led by Dr. Frank Baßler and Klaus Weinand-Härer, both Partners at Heuking Kühn Lüer Wojtek, advised ILG Capital GmbH on the acquisition of a local supply centre in Braunfels.

The local supply centre with anchor tenants Tegut, Rossmann, and Schäfer Dein Bäcker was acquired for the account of an open-ended special AIF with fixed investment terms for professional and semi-professional investors, where ILG acts as asset manager. The property, comprising a total leasable area of about 3,600 m² was taken over in October 2022.

The parties have agreed not to disclose the purchase price.

With 40 years of experience, owner managed ILG group is a leading specialist for German retail real estate. Providing capital management as well as asset, property and center management services, ILG offers its investors and clients fully integrated support for retail properties across all phases of their life cycle.

Counsel to ILG Capital GmbH
Heuking Kühn Lüer Wojtek:
Dr. Frank Baßler (Lead, Real Estate),
Veronika Straub (Real Estate), both Stuttgart
Bettina Neheider (Public Law), Munich
Klaus Weinand-Härer (Lead, Tax), Frankfurt