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IQE assists in 189 million euro deal on exchange of 3 German Shopping Centres

Posted on in IQE Isle of Man

IQE last week assisted Redefine International P.L.C – an Isle of Man company listed on the London Stock Exchange - to acquire 'target' companies owning three prime shopping centers in Germany valued at €189 million.

The acquiring companies were located in four separate jurisdictions: Isle of Man, Germany, Luxembourg and the British Virgin Islands. Upon completion, the three primarily located shopping centres (in Berlin, Hamburg and Ingolstadt) will substantially expand Redefine International's portfolio of European assets to approximately €360 million.

IQE played an important role in the acquisitions, providing company secretarial services and registered office to the primary listed company, liaising with and assisting the legal advisers in drafting executive framework agreements, disclosure letters for each transaction, local transfer deeds, side agreements, minutes and other important documents needed for the deal to be completed.

IQE Managing Director David Karran and Redefine's Independent Non-Executive Director Richard Melhuish were on hand to attend an important board meeting outside of usual business hours to approve, execute and finalise the documents at 10.15pm.

For more information on the deal, please read the press release as found on Redefine International's webpage by clicking here

We have the expertise to assist with multi-jurisdictional fiduciary services for international structures

As an independent Non-Executive Director of Ishaan Real Estate Plc I worked closely with IQE who provided Company Secretary and administration services. IQE hosted the board meetings, prepared minutes often on complex matters and were central to the communication between the international board members, lawyers, accountants and advisers. I found them to be reliable, approachable and pragmatic and IQE provided a professional and responsive service with extremely high standards appropriate for a company quoted on the London Stock Exchange’s AIM market. I would be happy to recommend their services. Stephen Vernon, Chairman, Green Property

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