BayernLB has sold ist stake of approximately 92% in GBW AG to a consortium led by PATRIZIA ImmobilienAG. With around 32,000 residential units, GBW AG is one of the leading residential property companies in Bavaria. The consortium of buyers consists of a group of renowned German pension funds, insurances and savings banks with long-term investment strategies. The gross purchase is based on a business valuation of GBW AG of EUR 2,453 m.
Hengeler Mueller advises BayernLB on this transaction. The Hengeler Mueller team is led by partners Thomas Müller (Commercial Real Estate / M&A, Frankfurt) and Hans-Jörg Ziegenhain (M&A, Munich) and includes partners Thomas Kraft (Tax, Frankfurt), Christian Hoefs (Labour, Frankfurt), Thomas Schmidt-Kötters (Public Law, Düsseldorf) as well as associates Elena Samaras, Georg Heiß, Thomas Krawitz (all Munich), Peter Wehner and Martin T. Mohr (both Frankfurt).
