ARQIS advises on the sale of 829 apartments to LEG Immobilien AG

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ARQIS advised an executor of will on the sale of a real estate portfo-lio consisting of 829 apartments to LEG Immobilien AG.

The real estate purchase agreement was notarised on 11 July 2013; economic handover of the properties is scheduled for October 2013. The volume of the transaction is approximately 34 million Euros. The properties are located in Solingen and come from a private inheritance. More than half of the apartments are senior-focused equipped. LEG Immobilien AG is a real estate company listed in the MDAX (mid cap stock market index) with, according to their own statement, more than 94,000 apartments and approx. 260,000 ten-ants.

Advisor Seller

ARQIS Rechtsanwälte: Dr. Ulrich Lienhard (Real Estate), Dr. Andrea Panzer-Heemeier (Labour Law)

Advisor LEG

Inhouse: Dr. Thomas Görgemanns, Steffen Lingen

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