Healthcare of Ontario Pension Plan (HOOPP) completed the sale of multiple Luxembourg companies holding a 150,000 sqm logistics portfolio in several German cities, for a purchase price of approximately EUR 200 million. The purchaser in the transaction was Apeiron Capital Management, a European-based asset and investment management firm, in partnership with Midas International Asset Management. South Korean institutional investors ultimately funded the global transaction. The 150,000 sqm logistics portfolio consisted of three assets in important German logistics locations, including a sizeable fulfilment centre let to a well-known e-commerce specialist.
Blake, Cassels & Graydon LLP represented HOOPP with a team led by Kate McGilvray (investment management/M&A), Thomas von Hahn (real estate), Ian Caines (tax), and which included Hani Migally, Mike Maodus and Ronald Zveiris.
Orrick, Herrington & Sutcliffe supported the team as German counsel, Arendt & Medernach as Luxembourg counsel, and GvW Graf von Westphalen as tax counsel. JLL acted as HOOPP’s financial advisor.
A team of international advisors, which included Clifford Chance, KPMG, CBRE and Drees & Sommer, represented Apeiron.