Aachener Grundvermögen’s acquisition of office and retail property ‘Fasanenpalais’ in Berlin from Warburg-HIH Invest

Ashurst has advised Warburg-HIH Invest Real Estate GmbH on the sale of office and retail property “Fasanenpalais” on Kurfürstendamm 26a in Berlin to Aachener Grundvermögen.

The 7,400 square metre lettable space property, whose list of tenants include Tesla, Timberland, Starbucks and Camper, was modernised in 2007 and 2012.

The parties have agreed not to disclose the purchase price.

The Ashurst team was led by real estate partner Dr Liane Muschter (picture), assisted by associate Sven Nickel, paralegals Anja Stötzel and Abdulruhman Al Edel.

Involved fees earner: Liane Muschter – Ashurst; Sven Nickel – Ashurst;

Law Firms: Ashurst;

Clients: Warburg-HIH Invest;