Greenberg Traurig Advises Peach Property Group on Divestment of Residential Portfolio

BERLIN - Nov. 17, 2024 - Global law firm Greenberg Traurig has comprehensively advised Peach Property Group AG, a real estate investor specializing in German residential properties, on the divestment of a residential portfolio. The transaction involved approximately 5,200 residential units, which were sold to an investor consortium subsidiaries of Globe Trade Center S.A. and Luxembourg Finance House.

In addition to the assumption of loan liabilities by the investors, the sale enables Peach Property to generate a significant liquidity inflow of approximately €120 million despite challenging market conditions. These funds are intended to finance investment measures in the core portfolio and to repay financial liabilities, thereby strengthening the company's capital structure.

Greenberg Traurig advised Group Peach Property comprehensively on all real estate and corporate law aspects of the transaction which is structured as a share deal.

Background:
The Greenberg Traurig team has been advising Peach Property on real estate transactions since 2021.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2024 BTI "Leading Edge Law Firm" for delivering on client expectations for the future and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA's Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.