International law firm Simmons & Simmons has successfully advised Tikehau Capital, the global alternative asset management group, on its strategic joint venture with Cresco Real Estate relating to the acquisition of the Tierpark Hotel in Berlin-Lichtenberg.
This transaction marks a significant expansion of Tikehau Capital’s value-add strategy in the German real estate sector and further strengthens the firm’s track record in advising on high-profile cross-border real estate investments.
The acquisition of the Tierpark Hotel, a 4-star property with 278 rooms and 14 event spaces, marks the second collaboration between Tikehau Capital and Cresco Real Estate. Located in Berlin-Lichtenberg, the hotel will continue to be operated by Cresco, which plans to invest in modernisation and energy efficiency. The transaction, financed by an Article 9 fund, forms part of Tikehau Capital’s pan-European value-add strategy.
The successful completion of this transaction highlights Simmons & Simmons’ expertise in advising on complex, cross-border real estate deals and its ongoing commitment to supporting clients in the evolving hospitality sector. The firm’s role in this acquisition further cements its reputation as a trusted adviser to leading asset managers and investors in Germany and across Europe.
The Simmons team from Frankfurt was led by partner Dr Moritz Vettermann.
Commenting on this transaction, Moritz said: “This acquisition highlights the growing complexity and sophistication of value-add investments in the German hospitality sector, but also the chance presented in those kinds of opportunistic investments. It was once again a privilege to work alongside the Tikehau team.”
