Cookie Use Notification

This site uses cookies to provide you with a more responsive and personalised service.

By using this site you agree to our use of cookies as set out in our cookie notice. Please read our cookie notice for more information on the cookies we use and how to delete or block the use of cookies.

Castlelake acquires Gravity-Portfolio

Frankfurt, 27. February 2017 – Retail Properties Investment Trust (RPIT), a Marcol Group company, has sold Project Gravity (comprising 68 grocery-anchored retail properties in Germany). The Buyer is a venture lead by Castlelake, L.P.

RPIT is a venture between London’s Marcol and New York based investment manager Marathon Asset Management, L.P. (Marathon). This transaction forms part of a larger €300m disposal of Marcol’s remaining German retail holdings. RPIT was assisted in the sales process by Cushman & Wakefield and Colliers International. Legal advice was provided by Hogan Lovells (Germany) and Arendt (Luxembourg).

The Buyer was advised by Goodwin Procter (Germany) and Ashurst (Luxembourg) and acquisition financing was provided by Credit Suisse AG, London Branch.