McDermott Advises Nagel-Group on the Sale of a Logistics Property Portfolio to Tristan and Barings - McDermott Will & Emery

McDermott Advises Nagel-Group on the Sale of a Logistics Property Portfolio to Tristan and Barings


McDermott Will & Emery advised Nagel-Group on the sale of a portfolio of 34 food logistics properties in Germany and Denmark to Tristan Capital Partners and Barings. The transaction is structured as a sale-and-lease-back; Nagel-Group leases 28 properties back, mainly through long-term leases.

The portfolio comprises a total of 27 logistics properties in Germany and seven in Denmark with a total of 260,000 square meters. Tristan Capital Partners acquires 27 properties with an area of 180,000 square meters through its Core-Plus-Fund Curzon Capital Partners 5 LL (CCP 5 LL). Barings acts on behalf of an institutional investor and acquires seven properties in Germany. Barings will in addition serve as asset manager for the entire portfolio.

Nagel-Group SE & Co. KG is a pan-European logistics company specializing in food logistics. The family-owned company based in Versmold, Germany, is present at over 130 network sites in 16 European countries and delivers over 100,000 refrigerated consignments per day to hotels, caterers, food manufacturers and supermarkets.

The team advising Nagel-Group was led by partners Thomas Beisken (Real Estate) and Thomas Ammermann (Corporate/M&A) and included Norbert Schulte (Corporate/M&A), Jens Ortmanns (Real Estate), Nina Siewert (Tax), Alexa Ningelgen (Public Law), Sakai Shabo (Real Estate), Mirjam Büsch (Public Law), Alexander Hoppe, and Julian Schmitz (both Corporate/M&A).

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McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. With 20 locations on three continents, our team works seamlessly across practices, industries and geographies to deliver highly effective – and often unexpected – solutions that propel success. More than 1,100 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

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