Treibreu Group has acquired the properties of the Japanese Creed Corporation located in Germany in a transaction with total committed finance of EUR 64 mln
Treibreu Group has acquired the properties of the Japanese Creed Corporation located in Germany in a transaction with total committed finance of EUR 64 mln
The portfolio comprised 58 properties in Berlin, Leipzig and Dresden, which were mainly used for residential purposes. The properties were held by two Dutch subsidiary companies of the real estate group Creed Corporation in Japan. Creed is currently in administration, under the supervision of the Tokyo courts. Over the years, Creed had acquired the properties individually and has now divested the entire portfolio by way of an asset deal.
Treibreu Group is a privately owned international property investment company, which is currently building a high quality residential investment portfolio in Germany. The company and its associated investment entities, now owns over 120,000 m2 of residential property in Bonn, Berlin, Leipzig and Dresden, and is seeking to make further acquisitions.
FPS Rechtsanwälte & Notare partners'Dr Peter Diedrich (overall control) and Istvan Szabados acted for Treibreu Group. They were assisted by associates Sabine Fuhrmann and Daniel Iranyi, all real estate.
Salans' Berlin office, led by Thomas Kaspelherr, with associate Tim Siewert advised Creed.
