Real estate law

Would you like to structure a new real estate fund?
Which kind of information do the prospective buyers need?
How do you structure the process of selling a property?
Would you like to purchase a property and are you considering how to finance the purchase?

These questions and many others are everyday real estate law issues. PwC Legal assists you in addressing these issues with legal certainty. To find out how we support our clients in detail, please refer to the following work areas.


Real estate transaction advice

Commercial properties, residential portfolios, hotels or office buildings – with our support you successfully manage your real estate transactions. Our clients include businesses and private persons, buyers and sellers. They acknowledge our good customer understanding and our project competence that also covers specific cases. We know what matters when dealing with real estate transactions.

Here’s is how PwC Legal assists you

Our lawyers

  • provide you with support on contract design and with guidance during contract negotiations.
  • conduct the legal due diligence and coordinate it with other due diligence processes.
  • negotiate financing agreements for you.

Structuring real estate funds

Utilise the outstanding technical experience of our lawyers and industry experts, if you are seeking to develop and adapt real estate funds. Open- or closed-end funds, with domestic or foreign structures: We stay on top of the corporate law, fund agreements, capital market requirements, prospectus law and investment supervision for you.

PwC Legal assists you

in the development of open-end real estate funds

Our lawyers

  • advise you on the establishment of fund platforms and investment companies (KAG).
  • support you in the establishment of common investment funds and special investment funds.
  • assess the eligibility as coverage assets.
  • develop foreign organisational structures.
  • provide guidance during the acquisition of real estate and other assets.
  • negotiate financing, asset management and lease agreements for you.

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in the establishment of real estate investment trusts (REITs)


  • advise you on the set up of pre-REIT or REIT stock corporations.
  • provide guidance during the acquisition of real estate and other assets.
  • support you in the formation of REIT service companies.
  • advise you on the acquisition or formation of foreign property companies.
  • assist you in IPOs.

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in the development of closed-end funds

Our lawyers

  • support you in setting up fund initiators and design fund structures.
  • advise you on corporate legal aspects and negotiate all contracts.
  • provide advice regarding the sales prospectus or private placement memorandum.
  • obtain approvals from the Federal Financial Supervisory Authority (BaFin).
  • provide guidance during the acquisition of assets and advise you on the legal framework.
  • negotiate financing agreements.
  • answer all your legal sales questions.

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Project developer consulting

Our lawyers have longstanding experience with legal support of real estate project developments and counselling of complex structural issues that may arise even at the beginning of a development process and can be crucial for the success of a project.

We provide in-depth know-how regarding

  • contractual design for securing and consolidating property
  • consulting of joint-venture contracts
  • negotiation of urban development contracts
  • assistance with neighbour-law related questions
  • counselling regarding construction and planning contracts
  • management of such contracts including all interfaces.

Corporate real estate consulting

Real estate companies can also rely on PwC Legal in major new construction, expansion and conversion projects. We deal with the legal planning issues and labour and service contracts. Furthermore, we keep a close eye on the procurement law, if our client
is a public sector company. In the event of disputes we represent you in court and can consult architects or construction engineers as experts.

Furthermore, we help real estate companies in daily business in connection with the management of properties, letting, rental administration, disputes with lessees, and all questions regarding operational responsibilities.

In particular, we advise and represent you


  • building and architectural law issues,
  • the contract law for labour and services,
  • the field of construction defect warranties,
  • public building law issues,
  • rental law, and
  • questions of operational responsibilities.

Restructuring and refinancing

We can restore the competitiveness of troubled real estate companies through a tailor-made restructuring concept and an appropriate refinancing model. However, ideally one should not let things come that far at all. A sensible alignment of your group’s
real estate helps you to manage your assets more efficiently, to take profound decisions and to identify adequate financing models more easily.

Our lawyers

  • provide guidance during the spin-off of real estate assets.
  • elaborate new loan agreements.
  • legally implement, inter alia, subordinations and waivers of claims.

Call us. We shall be pleased to contribute to your corporate success.


Christiane Conrads LL.M. (London)­

Real estate law

Tel: +44 7706 2848 47

Dr. Philipp Pröbsting

Real estate law

Tel: +49 211 981-4158