International law firm Simmons & Simmons LLP has advised Tikehau Capital, the global alternative asset management group, and residential real estate company Forte Capital on the acquisition and financing of a portfolio of five residential properties across Frankfurt am Main, Düsseldorf, Cologne and Bonn from MEAG, the asset manager of Munich Re, working alongside SNP Schlawien.
The portfolio totals approximately 24,100 sqm of lettable space and comprises around 300 residential units. The assets are situated in established urban locations characterised by strong and resilient tenant demand. The purchasers intend to implement targeted refurbishment measures, with a particular focus on improving energy efficiency and advancing the sustainability profile of the assets, thereby enhancing long-term value and occupier appeal.
The investment forms part of Tikehau Capital’s pan-European value-add real estate strategy and marks its sixth transaction in Germany, as well as the second undertaken within its programmatic joint venture with Forte Capital. The structure involves an Article 9 fund under the EU Sustainable Finance Disclosure Regulation, reflecting a strong emphasis on ESG considerations. The partners intend to continue expanding their residential portfolio in Germany through further acquisitions.
The Simmons & Simmons team was led by Dr. Moritz Vettermann (Partner, Real Estate, Frankfurt) and included Jochen Schnepper (Partner, Real Estate Finance, Frankfurt), Felix Krueger (Partner, Tax, Frankfurt) and Julie Carbiener (Partner, Real Estate, Paris).
