Menold Bezler has advised Frankfurt-based fund initiator and asset manager ‘Habona Invest’ on the purchase of a supermarket centre in Mannheim-Käfertal from project developer Schoofs Immobilien GmbH Frankfurt. The acquisition was implemented for the open real estate mutual fund “Habona Nahversorgungsfonds Deutschland”, which was launched together with Service-KVG IntReal.
The anchor tenant in the property is a ‘REWE’ supermarket. There are also 28 residential units on the upper levels. The total rental area of the building, which was constructed in 2019 and 2020, is approx. 3,750 square metres. The investment volume is around 20 million Euros.
Menold Bezler provided Habona with comprehensive legal and tax advice throughout the transaction and also performed the legal and tax due diligence that preceded the sale. The firm regularly advises on real estate transactions and also advised Habona on the sale of its Lion-2.0-Portfolio in 2017.
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