early protection required for real estate transactions

The emergence of international real estate investors has significantly increased the requirements made of our services.  Requested coverage, ratings and requests for proof from insurers reflect the expectations particularly of Anglo-Saxon financial institutions and go far beyond the standards customary for the German market. These clash with German real estate law under which the legal transfer of title is completed only after an entry is made in the real estate register, something that often happens months after closing. That makes it impossible for the investor to obtain the right to access and amend existing, often inadequate, coverage.

For the international real estate business, the GGW Group employs an experienced, multilingual team of lawyers and insurance experts, who have worked with this highly specialised subject matter for many years and whose advice is much in demand. They accompany their clients from the development of appropriate coverage concepts through the necessary reporting and on to negotiations with the attorneys advising the financing banks with regard to the required or achievable collateralisation of their interests.