P+P advises TLG Immobilien on the acquisition of WCM AG
Berlin-based TLG Immobilien AG has taken over its competitor, WCM Beteiligungs- und Grundbesitz-Aktiengesellschaft, as part of a public takeover. The accompanying bank was Bank of America Merrill Lynch.
Together, TLG now manages a portfolio worth approx. three billion Euros. These include, i.a., Berlin-based commercial real estate such as the Kulturbrauerei in Prenzlauer Berg and a large cinema at Alexanderplatz. WCM owns, i.a., retail properties with leasing retail groups such as Edeka, Kaufland and Obi.
TLG is one of the leading companies for commercial real estate in Germany, specializing in office and retail real estate. The portfolio mainly includes office real estate in Berlin, Frankfurt am Main, Dresden, Leipzig and Rostock.
Frankfurt-based WCM AG is a commercial real estate company focused on the long-term rental of high-quality office and retail real estate in Germany.
As part of the takeover, P+P advised TLG Immobilien on all tax-related aspects with the following Berlin tax law team:
- Dr. Hardy Fischer (partner)
- Sören Reckwardt (counsel)
