Global law firm Norton Rose Fulbright has advised Chinese automobile and project development group Lei Shing Hong Group on the expansion of its German real estate portfolio and alignment of the German group structure.
The latest expansion initiative in Germany comprises two commercial properties in Schwerin and Dresden. The first property is approximately 18,000 square meters and is located in one of Schwerin’s central locations, the state capital of Schwerin. The second property is approximately 9,000 square meters and is located on Dresden’s “auto dealer mile.” With the new real estate investments, Lei Shing Hong Group has secured itself two strategically important prime locations in both state capitals.
With the merger of Stern Auto Management GmbH, Lei Shing Hong has aligned the German group structure and the Group’s main operating company in Germany has taken a step towards integration. After having initially acquired car dealers in Thuringia in 2014, the Group acquired the entire East German sales branches from Daimler AG in 2015. This was followed by further acquisitions in Potsdam in 2018.
The Norton Rose Fulbright team was led by Frankfurt partner Marco Niehaus (corporate/M&A) and also comprised partners Hendrik Theismann (real estate), Alexander Cappel (compliance) and Tino Duttiné (tax), of counsel Michael Mehler (real estate), senior associate Jan Peter Heise and associates Elena Döring, André Hartmann (all corporate/M&A), Christina Hund (compliance), Daniela Kowalsky (real estate) and Robert Schmidt (tax).