Real I.S. AG, subsidiary of Bayern LB, asset management and funds service provider for real estate investors, recently sold their pan-European and multi-sector CLOVER portfolio (Bayerische Grundvermögen II - BGV II) to the real estate funds of Blackstone, one of the leading investment firms worldwide.
The CLOVER portfolio comprises twelve properties in Germany, France, the United Kingdom and the Netherlands with 168,700 square meters of office, retail and logistics space. The list of anchor tenants of these properties includes REWE, Netto, Hermes, Dachser, Rhenus, as well as public authorities.
Günter Handl (Certified Public Accountant / Certified Tax Advisor) of aureal GmbH Wirtschaftsprüfungsgesellschaft acted as a consultant and provided the accounting and tax advice for this transaction.
Based in Munich, Germany, aureal GmbH is a medium-sized auditing and tax advisory firm advising national and international corporate and private clients.
One of their key services is consulting on real estate investments of institutional investors.
Read the official press release in German here: