Kim & Chang advised Simone Investment in its purchase of a 94.9% interest in a commercial building known as “Lateral Towers.”  The building was owned by Commerzbank AG, and is located in Frankfurt, Germany (the “Property”).  

The acquisition closed on December 18, 2015. 

Kim & Chang provided comprehensive legal advice during all stages of the transaction, including the establishment and registration of the REF, assessment of the materiality of due diligence issues with local counsel, and review and negotiation of the SPA.  Our attorneys created the optimal structuring of the transaction, taking into account recent changes in the accounting policies of intervening jurisdictions.