CMS advises Akzo Nobel on sale of Schramm Coatings site in Offenbach to US data centre company CloudHQ

Düsseldorf – Schramm Holding GmbH, a subsidiary of Akzo Nobel Nederland N.V., one of the world’s leading manufacturers of paints and coatings, has sold the site of the Schramm Coatings GmbH factory in Offenbach to US-based international data centre operator CloudHQ. At the same time, Schramm is leasing the location back on a temporary basis until the final closure of business operations, which is scheduled for summer 2024. CloudHQ intends to develop a data centre on the five-hectare site. Further details of the deal were not disclosed.

A CMS team headed by Ernst-Markus Schuberth and lead partner Philipp Schönnenbeck advised Akzo Nobel on all legal aspects of the entire transaction. Akzo Nobel is a longstanding CMS client and regularly relies on the expertise of the law firm’s teams.

CMS Germany

Dr Ernst-Markus Schuberth, Client Relationship Partner
Philipp Schönnenbeck, Lead Partner
Dr Christoph Grenz, Counsel
Laura Johnsson, Associate, all Real Estate
Thomas Gerdel, Partner
Dr Hendrik Arendt, Senior Associate, both Tax

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