Clifford Chance
Clifford Chance advises ORPEA Group on share transfer of rehabilitation clinic in Thuringia and joint venture
6 July 2021
Clifford Chance advises ORPEA Group on share transfer of rehabilitation clinic in Thuringia and joint venture
International law firm Clifford Chance has advised ORPEA Group, a world leader in long-term care, on the transfer of shares in the ownership company of a rehabilitation clinic in Bad Langensalza, Thuringia (Germany), to Belgian investor Cofinimmo and on the establishment of a joint venture with the buyer. The deal took place as part of a sale and lease back transaction. Signing and closing both took place on 30 June 2021.
The operator of the 206-bed rehabilitation clinic, which was built in 1998 and has 11,000 square meters of usable space, is Celenus SE, a subsidiary of the ORPEA Group. Cofinimmo has acquired the majority of shares in the ownership company. The landlord of the clinic building is now a joint venture of ORPEA and Cofinimmo.
The Clifford Chance team advising ORPEA comprised partner Kristina Jaeger, associate Simon Schulz, transaction lawyer Sophie Töke (all Real Estate), partner Dominik Engl (Tax) as well as partner Stefan Bruder (Corporate, all Frankfurt).
