EQT acquires 477-unit residential estate on southern edge of Berlin

Client(s) EQT Fund Management S.a r.l.

Jones Day advised entities managed by EQT Fund Management on their entry into a joint venture with Pictet Alternative Advisors to acquire a residential estate comprising 17 buildings totaling approximately 34,000 sqm, including 477 residential units, 6 commercial units and 520 parking spaces in Mahlow, on the southern edge of Berlin, Germany. EQT were appointed asset manager and continues to pursue further investment opportunities in the German living sector as part of their living strategy.

This transaction represented Jones Day's first instruction for EQT Fund Management, which has been a target client of the Real Estate practice for some time, and we were delighted to receive the following positive feedback from the EQT legal team: "It has been an absolute pleasure working on our first transaction together. The level of collaboration with your team made it feel like you had been working with us for years. The speed with which you finalized the JV documents (once we were able to give the green light) was impressive and greatly appreciated."