transaction advice


Deloitte Legal advised MiddleCap on the acquisition of three real estate companies in Berlin

A multidisciplinary cross-location Deloitte team led by Berlin real estate partner Dr. Katja Schwenzfeier and Hamburg corporate/M&A partner Dr. Volker Schulenburg (both Legal) and tax partner Dr. Michael Maßbaum has advised MiddleCap on its joint acquisition with a cooperation partner of all business shares in three real estate companies in Berlin.

Deloitte provided comprehensive legal and tax advice to MiddleCap on the transaction by way of a share deal. Due to the interdisciplinary cooperation of the advisors of Deloitte Legal with Deloitte experts from the Tax department, the transaction could be carried out efficiently and successfully in the shortest possible time with the help of this "one stop shop" approach.

All of the real estate is located in Berlin. MiddleCap plans to redevelop the respective area with a mix of commercial and residential use.

This is MiddleCap's first acquisition in the German market, further acquisitions are planned. MiddleCap is a recognised investment and advisory firm with headquarters in Luxembourg and offices in London, Bratislava, Prague and Berlin. In addition to a full range of advisory services, the owner-managed group acts as a long-term investor with a focus on private equity, venture capital, capital markets and project development of high-quality residential and commercial real estate. The company operates across Europe and recently won the Real Estate & Building Future Proof Award with the decoration World's smartest building 2021 for its Southworks project in London.

MiddleCap's strategy is to acquire new projects in prime locations in London, Munich and Berlin as well as in Central and Eastern European countries. MiddleCap is committed to developing innovative and sustainable properties that support occupant well-being and creativity, enabling greater productivity. To ensure that properties meet the highest standards of sustainability, MiddleCap is setting new standards in design, technologies, construction and zero-emission solutions. Of course, all buildings comply with ESG standards.

The contact was established through MiddleCap's Development Director Germany Yasin Tuncer, who has already been accompanied by Dr. Katja Schwenzfeier in previous transactions.

"We believe that the future of the office is based on innovation and sustainability and must be usercentric. To achieve the highest standard of well-being for users, we combine natural elements with the latest technologies in each of our developments. With the new acquisitions, we are continuing our expansion strategy into the German market for the first time and are actively seeking additional projects in Berlin and Munich that fit our portfolio," said Tomáš Jurdák, Partner & Head of Real Estate at MiddleCap.

"The move into the Berlin market is a great success for us and is in line with MiddleCap's long-term expansion strategy. In the rapidly developing districts of Kreuzberg and Moabit we have acquired three project developments and look forward to realizing our ambition to bring the highest quality to the market with a sustainable and innovative approach here as well," says Yasin Tuncer (Development Director Germany, MiddleCap).

"We are extremely satisfied with Deloitte's services and have found the consultants to be an extremely well-rehearsed team. They delivered excellent work very quickly" says Yasin Tuncer (Development Director Germany, MiddleCap).

"Thanks to Deloitte, extraordinary things were achieved with the signing at short notice and the closing immediately following" says Martin Proksa, responsible for the transaction process at MiddleCap.

Advisors MiddleCap Real Estate GmbH
Deloitte Legal: Dr. Katja Schwenzfeier (Partner, Real Estate, Berlin), Dr. Volker Schulenburg (Partner, Corporate/M&A, Hamburg), Hagen Brasse (Senior Associate, Real Estate, Berlin), Dr. Christian M. Beuck (Senior Associate, Corporate/M&A, Hamburg), Maria Tarassidis (Senior Associate, Real Estate, Berlin), Katharina Zickermann, LL.M. (Durham Univ.) (Senior Associate, Commercial/ Competition Law, Hamburg)

Deloitte Tax: Dr. Michael Maßbaum (Partner, Tax, Berlin), Olaf Kaping (Director, Tax, Berlin), Martin Goerlitz (Senior Manager, Tax, Berlin), Kathrin Landgraf (Senior Manager, Tax, Berlin), Konrad A. Karczewski (Consultant, Tax, Berlin), Svetlana Lenk (Consultant, Tax, Berlin), Denis Basta (Consultant, Tax, Berlin)

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