HEUKING Advised Luxembourg Insolvency Administrator on Sale of Four Shopping Centers from Highstreet Portfolio
HEUKING team advised the Luxembourg insolvency administrator on the sale of four shopping centers from the Highstreet VIII fund.
HEUKING Advised Luxembourg Insolvency Administrator on Sale of Four Shopping Centers from Highstreet Portfolio
HEUKING team advised the Luxembourg insolvency administrator on the sale of four shopping centers from the Highstreet VIII fund.
The properties sold are Shopping-Plaza Garbsen, Stern Center Sindelfingen, City Rondell in Villingen-Schwenningen, and Vechte Arkaden in Nordhorn. The buyers include both regional project developers and portfolio investors as well as supra-regional shopping center operators.
The Luxembourg property companies holding the assets have been subject to insolvency proceedings before Luxembourg Commercial Court since 2025. With the court’s approval, the insolvency administrator had subsequently initiated the sales process.
HEUKING advised the Luxembourg insolvency administrator comprehensively on all legal and tax aspects of the transaction, including matters at the intersection of German and Luxembourg insolvency law.
The HEUKING team was led by Dr. Marc Scheunemann (Partner/ Lead, Düsseldorf/Frankfurt), Dr. Tilman Spancken (Salaried Partner/ Lead, Real Estate), Mathis Dick, LL.M. (Salaried Partner/ Real Estate), Markus Vlasic, LL.M. (Senior Associate/ Real Estate), Sandra Janberg (Salaries Partner/ Public Law, Düsseldorf), Maximilian Dehnert (Salaried Partner/ Public Law, Frankfurt) and Klaus Weinand-Härer (Partner/ Tax, Frankfurt).
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