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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

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As Chairman of a substantial private equity backed company invested in Indian residential property located in 7 major cities, I worked with IQE for 7 years. IQE provided administration services including the provision of a professionally qualified chartered secretary and I found them to be always professional, responsive and knowledgeable. The long term relationship reflected our confidence in their reliable services and proactive attitude. I would happily recommend IQE to others requiring their services. Neil Everitt, Chairman, S.A.R.E. Group

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