Oppenhoff has advised Schoofs Immobilien GmbH Frankfurt on the sale of the Rastal-Center, which is currently under construction, in the form of a share deal to the Irish investment fund manager Greenman and its fund Greenman OPEN. The architecturally imposing local shopping mall, located in Höhr-Grenzhausen, will house a mixture of retail, service providers, offices, practices and restaurants on a leasable area of around 13,500 square meters. Completion is scheduled for the spring of 2023.
Schoofs Immobilien GmbH Frankfurt, based in Neu-Isenburg, specialises in planning and developing properties for the food retail sector. Its portfolio also includes residential and commercial buildings, quarters, mixed-use properties, specialist stores and DIY and home improvement stores. Since the late 1980s, the company has developed and constructed approximately 200 supermarkets and commercial buildings.
Greenman Investments is a market-leading, sector-specific real estate fund manager. The funds invest exclusively in grocery stores and warehouses in Germany. Greenman has already acquired properties from Schoofs in a total volume of over 70 million euros in the past two years.
The Oppenhoff team, led by Dr. Gregor Seikel (Corporate/M&A, Real Estate/Taxes), included Dr. Stefanie Minzenmay (Real Estate), Dr. Günter Seulen (Corporate/M&A), Marvin Rochner (Real Estate), Dr. Gunnar Knorr, Hanjo Prondzinski, Marc Krischer (all Tax) and Dr. Philipp Heinrichs (Corporate).
Oppenhoff most recently advised Schoofs on the sale of six grocery stores. Oppenhoff’s real estate sector group regularly advises leading companies in the hotel, retail and real estate sectors, financial investors, family offices and enterprises with large real estate portfolios as well as other project participants.