Ashurst advised HanseMerkur Grundvermögen, a subsidiary of the HanseMerkur insurance group, on the acquisition of a part of the project development Römertor in Gersthofen near Augsburg. The seller is Zima Immobilienentwicklung GmbH.
Zima will be constructing on a site of approximately 15,000 sqm by the end of 2021 an urban quarter with 90 assisted living apartments and several point-blocks containing 119 privately financed apartments.
HanseMerkur acquired the assisted living complex along with a commercial part of the property and service facilities with a usable space of 6,500 sqm by way of a forward deal. The complex is let to Johanniter-Unfall-Hilfe on a long-term basis. The property will be integrated into an open-ended special real estate fund of HanseMerkur Grundvermögen.
The Ashurst team was led by partner Dr Liane Muschter (Picture). She was supported by counsel Bernd Bäumer, associate Raphaela Schmidt and paralegals Isabella Strauß and Daniel Weimann (all real estate). Advice on tax aspects was provided by partner Dr Martin Bünning and associate Philipp Lorberg. Partner Dr Detmar Loff and associate Christoph Klessing advised on regulatory matters (all Frankfurt).
Involved fees earner: Bernd Bäumer – Ashurst; Martin Bünning – Ashurst; Christoph Klessing – Ashurst; Detmar Loff – Ashurst; Philipp Lorberg – Ashurst; Liane Muschter – Ashurst; Raphaela Schmidt – Ashurst;
Law Firms: Ashurst;
Clients: HanseMerkur Grundvermögen;