Saxenhammer & Co. advises White & Case LLP on the sale of the property of Duisburg Special Tubes GmbH to Hillwood Germany GmbH during the insolvency proceeding.
Duisburg (Germany), March 2021 – Saxenhammer & Co. advises White & Case LLP on the sale of the property of Duisburg Special Tubes GmbH to Hillwood Germany GmbH during the insolvency proceeding. Dr. Jan-Philipp Hoos, Executive Partner at White & Case Düsseldorf was appointed as the insolvency administrator. Hillwood, a US-based company with over 30 years’ history, is one of the top industrial, commercial and residential real estate developers in the US and Europe.
Close to the city and well connected, the property is located in the fully developed industrial area of Hochfeld in Duisburg, east of the Rhine and southwest of old town of Duisburg, consisting of six separate buildings with a total area of around 40,000 m². This area will be developed into a modern industrial real estate with office and mezzanine areas for rent.
Having gone through rounds of COVID-19 waves with all the regulatory requirements achieved, the transaction has been successfully closed in March 2021.
Professionals who worked on behalf of White & Case LLP, besides Dr. Hoos, are Dr. Moritz Kriegs and Sebastian Stein.
The Saxenhammer & Co. deal team was led by Christian A. Saxenhammer (Managing Partner), who was supported by Tinglian Jiang (Director) and Claire Liu (Analyst).
McDermott Will & Emery Rechtsanwälte Steuerberater LLP has supported White & Case LLP as real estate consulting partner. The team was led by Dr. Jessica Hanke.
Hillwood was advised by Lara Anita Luxenhofer, Counsel at Hogan Lovells International LLP in the Hamburg office