Norton Rose Fulbright advises HeyLager on JV with Mitiska REIM

Norton Rose Fulbright advised HeyLager, a Munich-based provider of hybrid drive-up self-storage solutions, on the establishment of a joint venture with Mitiska REIM, a European retail parks and convenience real estate investor.

The partnership, funded through Mitiska REIM’s MEREP 3 fund, aims at accelerating HeyLager’s rollout across Germany. Under the terms of the agreement, the joint venture plans to develop between 15 and 20 new locations in Germany over the next two years, with a second phase targeting a total portfolio of 50 facilities.

About HeyLager

Founded in 2023 as a joint venture between Kriton Immobilien, a group of family offices, and its management team, HeyLager is headquartered in Munich and Pöcking. The company develops and operates hybrid drive-up self-storage facilities combining drive-up storage units and garages, walk-in indoor units, and so-called business units — a hybrid of drive-up storage and office space.

Legal teams

Munich-based partner Maren Stölting (real estate, pictured) led the Norton Rose Fulbright team on the matter. The lineup also included partners Frank Henkel (corporate/M&A, Munich) and Simon Weppner (tax, Düsseldorf), counsel Johannes Diez (corporate/M&A, Munich) and Sabine Meinert (real estate, Munich), and senior associate Christian Klein (tax, Frankfurt).

Mitiska REIM was advised by Dentons on legal matters, PwC on tax and structuring, and Savills on commercial aspects.