MUNICH - A joint venture of Tristan Capital Partners acquires a commercial property ready for development in the ‘Klébergelände’ industrial and commercial park in St. Ingbert (Saarland). Vendor is a fund affiliated with MCAP Global Finance (UK) LLP, the European subsidiary of New York headquartered Marathon Asset Management LP. The property has a total area of approx. 120,000 sqm and represents 50% of the total site predeveloped by Marathon. The plot is expected to be developed with commercial and logistic properties. Consulting agency SNEL, specialised in commercial and industrial real estate development, managed the demolition works, rezoning and marketing with Marathon.
Upward view of the exterior of a glass building

The acquisition was performed by way of an asset deal. It was agreed not to disclose the purchase price. The comprehensive real estate legal support of the sales process was provided on the seller's side by the international law firm Reed Smith under the leadership of Dr. Etienne Richthammer and Frederik Laux. Legal advice in connection with the negotiation and conclusion of the purchase agreement was provided for Tristan Capital Partners by the international law firm Clifford Chance through Dr. Philipp Stoecker.

Representative Marathon Asset Management:

Reed Smith (Munich): Dr. Etienne Richthammer, Frederik E. Laux and Dr. Sarah Helml (all Real Estate)

KPMG (Hannover): Falko Fiedler, Niels-Ullrich Bohn (Tax)

Representative Tristan Capital Partner:

Clifford Chance (Frankfurt): Dr. Philipp Stoecker, Stephanie Cohen (Real Estate)