Oppenhoff has advised Schoofs Immobilien GmbH Frankfurt on the sale of six food markets which are currently under construction to Habona Invest GmbH. The sale, valued at €37 million, was carried out as a forward deal. The food markets are being developed by Schoofs Immobilien Frankfurt and will be built in Hesse, Baden-Württemberg and Bavaria. The openings will take place from the end of this year.
Schoofs Immobilien GmbH Frankfurt, based in Neu-Isenburg, specialises in the planning and development of properties for food retail. The portfolio also includes residential and commercial buildings, retail parks as well as DIY and home improvement stores. Since the late 1980s, the company has developed and built around 200 self-service stores and commercial buildings.
Habona Invest is an owner-managed group of companies specialising in local supply properties with its headquarters in Frankfurt am Main. The company acts as fund initiator and asset manager.
The Oppenhoff team, led by Dr. Stefanie Minzenmay, included Marvin Rochner (both real estate law), Dr. Gunnar Knorr, Hanjo Prondzinski (both tax), Dr. Gregor Seikel (real estate law, tax) and Malte Menken (real estate law, corporate law).
The sector group Real Estate at Oppenhoff regularly advises leading companies in the hotel, retail and real estate industries, financial investors, family offices and companies with large real estate portfolios as well as other project participants.