Baker Tilly advises La Française REM on the acquisition of life science property in Nuremberg, Germany

  • 09/12/2022
  • Reading time 2 Minutes

Baker Tilly has provided legal advice to La Française Real Estate Managers (La Française REM) on the purchase of an office and manufacturing property southeast of Nuremberg.

The two collective real estate investment vehicles of the French asset manager La Française are thus acquiring their first building with life science use in Germany. The seller is the British real estate investment manager Crescendo Real Estate Advisors LLP.

La Française REM was advised by an interdisciplinary Baker Tilly team throughout the entire acquisition process. Our experts assisted in the legal due diligence as well as in the negotiation of the purchase agreement including signing and closing.

The responsible Baker Tilly team included Partner Dr. Hendrik Theismann, Attorney-at-Law, Partner Michael Mehler, Attorney-at-Law, Partner Andreas Griesbach, Attorney-at-Law/Tax Advisor, Manager Hale Hosseinpour, Attorney-at-Law, and Manager Sebastian Scholze, Attorney-at-Law.

Located in Nuremberg’s Eurocom Business Park, the building has a size of around 25,000 square meters, has six floors and is mainly used by the anchor tenant Ziehm Imaging. In addition to its headquarters, the medical technology company also operates a production facility for X-ray equipment at such site.

About La Française
Ecological and societal challenges are opportunities to rethink the future. Future growth and performance will be linked to newly identified influences. The forward-looking investment strategy of La Française Group's management builds on this conviction.

La Française has developed a multi-boutique model to serve institutional and private clients in France and abroad, focusing on two business lines: Financial and Real Estate Investments.

La Française is well aware of the importance of the sweeping changes taking place in our increasingly digital and connected world. The innovation platform created for this reason brings together the new activities identified as tomorrow’s key businesses.

La Française manages assets of €55 billion (as of December 31, 2021) and has offices in Paris, Frankfurt, Hamburg, London, Luxembourg, Madrid, Milan, Hong Kong and Seoul. La Française is a subsidiary of Caisse Régionale du Crédit Mutuel Nord Europe (CMNE). Groupe Crédit Mutuel has A, negative outlook/A-1 S&P long- and short-term ratings (June 2021).

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Norbert Wulf
Manager Marketing & Communications
Tel: +49 211 6901-4738

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Author of this article

Andreas Griesbach

Partner, Head of Real Estate

Attorney-at-Law (Rechtsanwalt), Certified Tax Advisor

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