22.03.2022 | Deal Notifications, Press releases
KPMG Law advises GEWOFAG on housing cooperation with Lidl
KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) advised GEWOFAG Holding GmbH (GEWOFAG Holding) on a pilot project for cooperation in public housing construction with Lidl GmbH & Co KG (Lidl) by way of a public-private partnership (PPP).
GEWOFAG Holding is a municipal housing company in Munich with a housing stock of over 37,000 apartments. GEWOFAG has implemented a pilot project with Lidl to realize new construction projects in cooperation with commercial companies.
In the project, both a discount store and apartments will be built on a plot of land owned by the discounter in Munich’s city center. Subsidies can be used for the apartments.
As part of the pilot project for the transaction, KPMG Law provided legal support to GEWOFAG in the drafting and negotiation of the contractual framework underlying the transaction, including advice on public procurement and subsidy law.
Advisor GEWOFAG Holding GmbH:
KPMGLaw Rechtsanwaltsgesellschaft mbH: Dr. Barbara Kathrin Buhr (Partner, Lead Partner),
Dr. Axel Lehmann
(Manager), both Construction and Real Estate Law, Nuremberg
