Amsterdam/Düsseldorf/Luxembourg—Global law firm Dentons advised The Social Hub on the sale of a majority stake in its Berlin hybrid real estate property to Rockfield and Ardian. The acquisition was made through the buyers’ joint pan-European investment platform for purpose-built student accommodation (PBSA). The Social Hub retains a minority stake and will continue to operate the property under a long-term management agreement.
Strategically located next to Alexanderplatz in central Berlin, the property comprises 474 units spread across ten floors. It combines student housing with options for long- and short-term stays, as well as public spaces and social-impact focused programming for the local community. The partners are planning an €18 million renovation program designed to premiumize rooms, co-meeting and event spaces, and to create a new co-working area and F&B spaces, among other features.
The transaction marks the first step in The Social Hub’s growth strategy based on an “asset-light” model and marks the group’s entry into its next phase of Europe-wide expansion.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
