Virtual Happy hour is a series of informal ZOOM meetings for ULI Young Leaders (under 35).
We meet virtually once every 4-6 weeks at 4 pm CET in an informal atmosphere to re-connect with familiar friends and make new ULI connections. Each meeting has a special guest speaker and a different subject.
The topic of the Virtual Happy Hour on 2 December 2020 is "DEFYING COVID: closing largest U.S. commercial transaction during the pandemic".
And our special guest will be: JOHANNA FUCHS-BOENISCH, Head of Transaction Management, Direct Real Estate at Deutsche Finance Group
TRANSAMERICA PYRAMID is an iconic office building boasting the skyline of San Francisco, CA. Standing at 260 meters tall, it is the city’s highest structure and the third tallest pyramid in the world.
First opened in 1972, the building features unusual architectural design and technical solutions. Owned by the Dutch insurer Aegon for the past 20 years, it has recently changed hands having been acquired by a joint venture between Deutsche Finance Group and Shvo on behalf of a group of European investors anchored by Bayerische Versorgungskammer (BVK), Germany´s largest pension fund.
What is it like inside? What were the key milestones and challenges facing the stakeholders on both side of the transaction when the entire world lived under lockdown battling the pandemic?
Join us for a Happy Hour on 02/12/2020 at 4pm CET for a virtual tour of Transamerica Pyramid and the story of the deal told first hand by the transaction team followed by Q&A.
Johanna is heading the area Transaction Management Direct Real Estate. She is responsible for the management of all direct investment transactions in the US and Europe focusing on prime office assets and hotel/residential developments with Core/Core+, Value Add and Opportunistic strategies. This includes the overall coordination of investment processes reflecting the requirements of respective investors (institutional and retail funds) including investor relations and onboarding, management of due diligence, structuring, closing, and financing processes, as well as supervision of local teams and joint venture partners, and external service providers in close cooperation with all relevant internal departments (Legal, Tax, Finance, Asset Management, KVG). Internally this also includes the review, assessment and analysis of new real estate investments and investment measures based on the submitted profitability calculations/financial models, investment memoranda and contractual agreements taking into account the relevant investor criteria, as well as overseeing the legal, technical, tax, economic and other parameters of the transaction and the contractual agreements; as well as the coordination and participation in the relevant investment committees.