Flick Gocke Schaumburg advises Nexity on majority stake in Pantera

Flick Gocke Schaumburg has been advising residential property developer Nexity on the acquisition of a majority stake in Pantera AG. Nexity is acquiring 65 percent of Pantera’s share capital. At the same time, both companies agreed on strategic cooperation arrangements which include a focus on establishing new housing standards.

The transaction marks Nexity’s entry into the German market. The company, which is listed in France, is one of the leading residential property developers and service providers in Europe and generates annual sales of around EUR 4.5 billion (2019) with more than 11,000 employees.

Pantera AG is one of the leading project developers for serviced apartments in Germany. The portfolio of the Cologne-based company comprises over 2,500 units at 15 locations throughout Germany.

Flick Gocke Schaumburg and a team led by Frankfurt partners Michael Wiesbrock and Torsten Engers provided Nexity with comprehensive advice on real estate, corporate and tax law.

Advisors to Nexity:
Flick Gocke Schaumburg (Frankfurt): Michael R. Wiesbrock (lead; real estate/M&A), Dirk R. Reidenbach (stock corporation law/corporate), Torsten Engers (lead tax), Susanne Hemme (tax structuring/M&A), Christian Jehke (tax; Berlin), Barbara Fleckenstein-Weiland, Jörg Kurzenberger (both VAT; Frankfurt, Stuttgart); Associates: Bettina Wirth-Duncan (corporate/M&A), Leonie Haßler (real estate/M&A; Munich), Katharina Odermatt (real estate/M&A), Raffaela Raulf (corporate/M&A), Delia Palenker (tax; Berlin)