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Sale of GRK-Holding AG to ActivumSG Fund III

Transaction

Quarton International exclusively advised the shareholders of GRK-Holding AG, a project developer and building promoter located in Leipzig, on the sale of a majority stake to Fund III of ActivumSG Capital Management Ltd., a real estate fund manager investing throughout Europe. For Quarton International this marks the second successful transaction in the sector “Real Estate” in only a few days after advising Tax Credit Group in its sale to CBRE Group.

Quarton International managed the entire transaction process and advised the founder and principal shareholder of GRK-Holding during all phases of the transaction. A Leipzig team of CMS Hasche Sigle acted as legal counsel throughout the process as well as during negotiations. On the buyer side, Noerr LLP acted as legal advisor.

Together with the already purchased formart GmbH & Co. KG, the aim is to establish a common nationwide leading project development group in the residential sector. The complementary expertise of formart and GRK in the fields of acquisition, sales and construction management are an ideal basis for growing at an above-average rate, particularly in strong metropolitan regions and big cities during the upcoming years.

Steffen Göpel, founder and shareholder of GRK-Holding, will be actively involved in the next development stage and will hold an equity investment.

All parties have agreed not to disclose further details regarding the transaction.

Company

As the leading project developer and building promoter GRK Holding AG has been building, managing and renting out high-class real estate in Leipzig and the surrounding areas since 1991. The main area of expertise of GRK Holding AG, which has been officially recognised several times, is the development and restoration of historic buildings as well as the revitalization and conversion of special real estate holdings

CMS Hasche Sigle is one of the leading commercial law firms in Germany. More than 600 lawyers, tax advisers and notaries support German and international companies across a wide range of different industries. Clients include successful SMEs, global corporations and public institutions. CMS Hasche Sigle has offices in eight major German business locations, as well as in Brussels, Moscow, Beijing and Shanghai.

Buyer / Investor

ActivumSG Capital Management Ltd. is a Jersey-based real estate fund manager investing throughout Europe. Regulated by the Jersey Financial Services Commission ActivumSG Capital Management Ltd. currently manages four discretionary real estate funds and is advised by Berlin-based ActivumSG Advisory GmbH and ActivumSG Iberia Advisors S.L. The group was founded in 2007 by Saul Goldstein.

Noerr is one of the top European law firms with more than 500 professionals in Germany, Europe and the USA. The firm delivers real value to clients by devising and handling the right solutions to complex and sophisticated legal matters. The Noerr difference is its unique combination of legal excellence, creative thinking, international experience and in-depth industry knowledge.

Listed groups and multinational companies, large and medium-sized family businesses as well as financial institutions and international investors rely on Noerr.

Contact

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Andreas Winkler

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Jozsef Bugovics

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