Kirkland Advises Brookfield on Voluntary Public Takeover Offer for alstria office REIT-AG

Kirkland & Ellis advised Brookfield Asset Management Inc. on an investment agreement between Alexandrite Lake Lux Holdings S.à r.l., a company controlled by one of its private real estate funds, and alstria office REIT-AG. In connection with the agreement, Brookfield intends to launch a voluntary public takeover offer for all outstanding shares of alstria office REIT-AG.

Alexandrite Lake Lux Holdings S.à r.l., will offer alstria office REIT-AG shareholders a cash consideration of EUR 19.50 per share. The completion of the takeover offer will be subject to a minimum acceptance threshold and certain further customary conditions.

alstria office REIT-AG is a leading German real estate platform with a high-quality office portfolio across Germany’s core investment markets, including Hamburg, Frankfurt, Duesseldorf, Berlin and Stuttgart. As of September 30, 2021, alstria office REIT-AG’s real estate portfolio comprised 111 properties with a lettable area of 1.5 million square meters and a market value of EUR 4.7 billion.

Brookfield is a leading global alternative asset manager with over US$ 650 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit. 

The Kirkland team advising Brookfield was led by M&A/Private Equity partners Benjamin Leyendecker, Philip Goj and Matthew Elliott and included capital markets partner Anna Schwander, tax partner Daniel Hiemer, debt finance partners Stefan Arnold-Soulby and Jonathan Birks and derivatives partner Scott J. Gordon as well as M&A/Private Equity associates Thomas Diekmann, Tamara Zehentbauer, Johannes Rowold, tax associate Tobias Stuppi, debt finance associate Maurice Walsh, and antitrust partner Thomas Wilson.