Global law firm Dentons has advised the listed company Globe Trade Centre S.A. (GTC) on the acquisition of a real estate portfolio comprising 5,200 residential units. The seller is the real estate investor Peach Property Group AG, which specializes in German rental apartments. GTC acquired the portfolio in a consortium along with Luxembourg Finance House S.A. The transaction is expected to close in December 2024.
The portfolio focuses on three cities in Germany: Kaiserslautern, Helmstedt and Heidenheim. In total, it comprises around 5,200 residential units, 47 commercial units, 71 other units and 2,108 parking spaces, with a total rental area of 324,167 m².
Founded in 1994 and headquartered in Warsaw, GTC Group is a leading real estate investor and developer focusing on Poland, Hungary and the capital cities of Central, Eastern and Southern Europe. With this transaction, GTC is now entering the German market.
A team of Dentons lawyers, led by Berlin partner Dirk-Reiner Voß, provided comprehensive legal advice to GTC on the negotiation of the transaction.
