Dechert Advises Shurgard on Acquisition of ZeitLager Facilities in Germany
May 20, 2020
Dechert has advised Shurgard Self Storage SA, the largest developer, owner and operator of self‐storage centers in Europe on its acquisition of four ZeitLager facilities in Germany, expanding its footprint across Germany. The total acquisition cost is €33.3 million.
Shurgard owns and/or operates 240 selfstorage centers and offers approximately 1.2 million net rentable square meters in 7 countries: the Netherlands, France, Sweden, the United Kingdom, Belgium, Germany and Denmark. Shurgard’s European network currently serves 160,000 customers and employs approximately 700 people. Shurgard is listed on Euronext Brussels under the symbol “SHUR”.
Dechert’s Munich-based team was co-led by National Partner Dr. Olaf Fasshauer (Finance and Real Estate) and Partner Giovanni Russo (Corporate), with support from associates Florian Leitsbach and Sonja Feser (Corporate) as well as National Partner Carina Klaes-Staudt (Corporate, Tax).
About Dechert
Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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