Greenberg Traurig Advises Civitas on €300 Million German Care Home Portfolio Acquisition

BERLIN - Oct. 4, 2024 - Global law firm Greenberg Traurig advised Civitas Investment Management Limited (Civitas) on the acquisition of a portfolio of 26 elderly care and assisted living homes with over 3,000 beds in Germany.

The transaction, valued at approximately €300 million, marks Civitas' entry into the German market. The properties are predominantly located in prime locations in Berlin and Hamburg. As part of the deal, Civitas is entering into long-term lease agreements for the entire portfolio with Alloheim Group, which will acquire the incumbent operator, Katharinenhof. Civitas executed the deal as part of its European expansion strategy on behalf of the Civitas European Social Infrastructure Fund.

Civitas is the UK's largest investor in specialist community-based care real estate, with over £3.5 billion under advisory. The investment advisor focuses on community-based living or education facilities and social housing assets.

Greenberg Traurig advised Civitas on all corporate and real estate matters of the portfolio acquisition, including the negotiation of new long-term lease agreements with the Alloheim Group.

Background:

This is the first time that Greenberg Traurig advised Civitas in Germany, relying on the firm's complex cross-border real estate transactions capabilities and its experience supporting international investors entering the German market.