Habona sells "Truffle" portfolio to GPEP with Menold Bezler
Menold Bezler advised the Frankfurt-based Habona Invest Group on the sale of the food retail portfolio "Truffle" from the private client financed closed-end retail fund Habona Einzelhandelsfonds 05 to the asset and property manager GPEP GmbH.
The acquisition of the 18 food discounters and 17 full-range stores nationwide was carried out on behalf of a Luxembourg-based special fund of the Bayerische Versorgungskammer on an exclusive basis. The leasable area of the 35 properties comprises around 66,000 sqm and is more than 90 percent let.
Menold Bezler provided legal advice to Habona on the entire sales process as part of a structured bidding process, including vendor due diligence, legal fact book and portfolio purchase agreement.