BLP Germany advises Hines on acquisition of Munich shopping centre
BLP Germany has advised Hines as asset manager for an institutional investor on the acquisition of the Mira Shopping Centre in Munich.
Built in 2008, the Mira Shopping Centre covers roughly 24,000sq m and hosts around 60 retail tenants, including Rewe, H&M, New Yorker, dm, C&A, Aldi, Deichmann, Hunkemöller, Douglas, Woolworth and Expert. Hines plans to reposition the centre and establish it as a popular hub for the district.
Hines is a global real estate investment firm with presence in 20 countries and has AUM of approximately €90.3bn.
The BLP Germany shopping centre team, who have advised on shopping centre transactions worth more than €3bn in recent years, was led by Berlin Partner Hanns-William Mülsch. In 2015, Hanns-William advised Hines on the acquisition of the Düsseldorf Arkaden.
On this transaction, he was supported by Partners Philippe Kamarowsky (Finance) and Boris Strauch (Public Law, both Frankfurt), Senior Associate Theresia Blath (Frankfurt, Real Estate) and Associates Christian Stedler (Finance), Gabriel Gregori (Real Estate, both Frankfurt), Jennifer Krischok, Gregor Noack and Vivian Weyreuther (all Berlin, Real Estate). The team advised Hines on real estate and finance matters.