BLP advises CBRE Global Investors on the acquisition of the Glacis Galerie in Neu-Ulm
International law firm Berwin Leighton Paisner (BLP) provided legal advice to CBRE Global Investors on the acquisition of the Glacis-Galerie shopping centre in Neu-Ulm, Germany.
The Glacis-Galerie shopping centre opened last March and includes nearly 27,000 m2 of retail space in a central location in Neu-Ulm’s old town district near the main train station. Among the mall’s 90 tenants are several renown retailers including C&A, Deichmann, Douglas, H&M and Thalia. In addition to the shopping centre building, the property includes over 1,100 parking spaces.
The shopping centre was sold by the real estate developers OFB and Procom for a purchase price of approximately 140 million euros.
The BLP team advising CBRE on the purchase was led by partner Hanns-William Mülsch (real estate and corporate law) and included partner Tina Siebenhaar as well as the associates David Neuhoff and Theresia Blath (all real estate law).
Hanns-William Mülsch and his team at BLP previously advised CBRE Global Investors on the purchase of the German shopping centres StadtCenter in Düren and the Leine-Center in Laatzen/Hannover.