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4 December 20232 minute read

DLA Piper advises Garbe Institutional Capital on the acquisition of a building and property for Infineon's hybrid timber construction

DLA Piper has advised Garbe Institutional Capital (Garbe) on the acquisition of a research and development building leased by Infineon Technologies AG (Infineon) and a neighboring property owned by the high-tech company. The acquisition was carried out together with BC Partners Real Estate.

From next year, the partners will develop a new hybrid timber building with KfW 40 standard on the site in Warstein, Germany. Both the existing building and the development project will be leased by Infineon for 25 years, starting with the completion of the development. The seller of the existing building is W.P.Carey. BC Partners and the Garbe platform will each contribute their expertise in the areas of operational know-how, project development and asset management to the project. BC Partners is providing the equity for the transaction.

Infineon Technologies AG is a DAX40-listed semiconductor company with over 55,000 employees worldwide. By doubling its floor space to approx. 20,000 m², Infineon will be able to further expand its strong growth at the Warstein site with over 2,200 employees, including 600 engineers.

Garbe Institutional Capital is a vertically integrated real estate investment manager and project developer for residential and commercial real estate. The company invests in established and emerging real estate markets across Europe with teams specializing in specific asset classes. It is part of Garbe, a German-headquartered entrepreneurial real estate investment management and development business with a combined staff of approx. 500 professionals across 16 offices in 11 countries.

The DLA Piper team was led by partner Fabian Mühlen (Real Estate) and also included partners Dr Marie-Theres Rämer (Tax), Eike Neugebauer (Finance/Real Estate Finance), counsel Moritz Mursa, senior associates Konstantin-Decker Horz (both Real Estate), Albina Daka (Tax), Franziska Weinzierl (Real Estate, all Frankfurt) and associates Muhammet Yavuz, Nicolas Stilwell (both Real Estate, Cologne), Marcus Kremer (Finance) and Jannik Becker (Tax, both Frankfurt).