REInvest Asset Management S.A. acquired Bronze Gate office property from Nextensa (ENXTBR:NEXTA) and Promobe SA for Ç65 million on October 28, 2022. The property was acquired for the DEREIF SICAV-FIS fund which invests in European real estate. The main investor in the Luxembourg-based real estate special fund is a major German insurance company. Bronze Gate is set to receive a BREEAM ôExcellentö sustainability certification. The law firms Linklaters LLP and Clifford Chance provided buy-side and sell-side advice respectively during the transaction. Drees & Sommer advised REInvest on the technical issues associated with the purchase and were responsible for monitoring the construction phase.
REInvest Asset Management S.A. completed the acquisition of Bronze Gate office property from Nextensa (ENXTBR:NEXTA) and Promobe SA on October 28, 2022.