Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL), Cording Real Estate Group LLP and Edmond de Rothschild (Suisse) S.A. (SWX:RLD) acquired a German light industrial portfolio from ThreadGreen Industrial Limited managed by Gramercy Europe Limited for €55.7 million on April 11, 2018. The transaction was concluded through only equity investment, without leverage. Migdal invested 95% of the equity and Cording together with the Edmond de Rothschild Group invested 5%. The portfolio comprise a property in Stuttgart, a property in Baienfurt and a property in Kriftel. Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor for Cording. Fabian Mühlen, Christian Lonquich, Cornelius Frie, Riccarda Marcelli, Geoffrey Scardoni and Ambroise Foerster of DLA Piper Germany acted as legal advisor for Migdal. CBRE acted as real estate advisor for the vendor.

Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL), Cording Real Estate Group LLP and Edmond de Rothschild (Suisse) S.A. (SWX:RLD) completed the acquisition of a German light industrial portfolio from ThreadGreen Industrial Limited managed by Gramercy Europe Limited on April 11, 2018.