In Q4 2022, WING Group, as the majority shareholder, and Griffin Capital Partners, signed a deal for the acquisition of a 60% shareholding in the BAUWERT AG, one of the leading and most recognized German real estate developers, with focus on Berlin and its surroundings. The remaining 40% remains in the ownership of the existing shareholders - Dr. Jürgen Leibfried and Michael Staudinger who are also actively leading the Company on the management board level.
The transaction was closed at the beginning of 2Q 2023.
Name of the deal
Acquisition of majority stake in Bauwert
The date of closing the deal
Q2 2023
Value of the transaction (in EUR)
0
Yield
0
Seller, plus brief information about the company
Bauwert AG delivers high-quality residential assets for rent and for sale as well as innovative A-class office projects with ESG as a focal point to meet ever growing expectations of tenants and investors.
Since its foundation in 1983, the company has completed more than 330 projects and constructed over 2 m sqm with development volume of over EUR 4.5 bn, out of which more than 70% was realized on Bauwert’s home turf in Berlin. Currently the company has secured a pipeline of projects in prime Be
Consultancy which advised Seller
CMS and PWC
Purchaser, plus brief information about the company
The WING Group is a key real estate developer and investor in the CEE real estate market, with a strong presence in Hungary and Poland, and plans for further international expansion. WING and Griffin have already established successful cooperation on the Polish market through the acquisition of a 66% stake in Echo Investment, the market leading Polish developer listed on the Warsaw Stock Exchange.
Griffin Capital Partners is the largest privately-owned investment and asset manager in private eq
Consultancy which advised Purchaser
Greenberg Traurig, EY and CBRE
Financing institution
Confidential
Current occupancy level
0
Please say why this deal should be considered for the award
The acquisition of a majority stake in one of Germany’s most prominent and recognized real estate developers is a major strategic milestone in both Griffin Capital Partners, and Wing international expansion.
The German real estate market is the largest and most robust in Europe and offers both diversified development opportunities as well as stability. Both partners believe in the continued dynamism and growth of the Berlin market and look forward to creating long term value in the built enviro
