ADVANT Beiten Advises Glenrock International on the Sale of two grocery retail markets in Mülheim an der Ruhr und in Nuremberg

Frankfurt am Main, 16 August 2022 – The international law firm ADVANT Beiten has comprehensively advised real estate investor Glenrock International Limited on the sale of two grocery retail markets in Mülheim an der Ruhr and in Nuremberg to HANSAINVEST Hanseatische Investment-GmbH on tax and real estate law. The parties have agreed not to disclose the purchase price. The two sales were made by way of asset deals.

Both objects are in central locations and are leased to German grocery retailer REWE on a long-term basis.

Glenrock International Limited is a Guernsey-based real estate investment business that focuses on property investments in Europe. Glenrock has been investing in commercial, industrial, and retail properties in Europe since 2014, partnering with institutions, high-net-worth individuals, and family offices.

Volker Szpak has been providing legal and tax advice to Glenrock International's German real estate portfolio since 2014, and already provided legal and tax advice on the purchase of the two grocery retail markets back in 2015.

Adviser to Glenrock International:

ADVANT Beiten: Volker Szpak (Corporate / M&A and Tax).

Media Contact

Frauke Reuther

Manager Kommunikation

ADVANT Beiten

+49 (69) 75 60 95 - 570

frauke.reuther@advant-beiten.com

Volker Szpak

Lawyer and Tax Advisor

ADVANT Beiten

+49 69 756095-471

Volker.Szpak@advant-beiten.com