Ashurst advised Warburg-HIH Invest Real Estate GmbH on the acquisition of the DB Brick and DB Tower buildings located within the Europaviertel quarter in Frankfurt by way of a forward deal. The seller is the developer Aurelis.
The office space of both properties amounts to 53,778 square meters and is let to Deutsche Bahn for 20 years. The relocation is scheduled for the end of 2020. The parties agreed not to disclose the purchase price. The works for the DB Tower with a planned height of 60 meters and the DB Brick building have already begun.
The Ashurst team comprised partners Dr Liane Muschter (real estate, lead, in picture), Jan Krekeler (corporate/M&A), Derk Opitz (finance) and Dr Martin Bünning (tax). They were assisted by counsels Maria Held (competition) and Philipp Beckers (dispute resolution), associates Sven Nickel, Till Pflug (both real estate) and Philipp Lorberg (tax) as well as paralegals Anja Stötzel and Abdulruhman Al Edel (both real estate).
Involved fees earner: Liane Muschter – Ashurst; Anja Stötzel – Ashurst; Abdulruhman Al Edel – Ashurst; Sven Nickel – Ashurst; Till Pflug – Ashurst; Jan Krekeler – Ashurst; Derk Opitz – Ashurst; Martin Bünning – Ashurst; Philipp Lorberg – Ashurst; Maria Held – Ashurst; Philipp Beckers – Ashurst;
Law Firms: Ashurst;
Clients: Warburg-HIH Invest;