Greenberg Traurig, LLP advised HanseMerkur Grundvermögen AG on the deal.
HanseMerkur Grundvermögen AG announced the acquisition of the “Campus am Kunstpalast” in Düsseldorf, Germany. The seller is a joint venture of J.P. Morgan Asset Management and Indigo Invest. HanseMerkur Grundvermögen AG bundles all real estate activities of the HanseMerkur Insurance Group and acquired the property company by way of a share deal. The parties have agreed not to disclose the purchase price.
The state of North Rhine-Westphalia will be the tenant of the approximately 21,000 m² office building, which was built in 2001, for at least 15 years. The “Campus am Kunstpalast” is currently being modernized for the move-in of the North Rhine-Westphalian Ministry for the Environment, Agriculture, Nature Conservation, and Consumer Protection.
The Greenberg Traurig team included Dr. Henrik Armah (Picture), Dr. Kati Beckmann, Georg von Wallis, Claudia Stremel, Dr. Christoph Enaux, Dr. Martin Hamer, Dr. Oliver Markmann, Dr. Richard von Schwarzkopf, Lukas Gauert, Dr. Lucas Wüsthof, Dr. Florian Seitz, Michael Schnitker and Dr. Johann-Frederik Schuldt.
Involved fees earner: Henrik Armah – Greenberg Traurig; Kati Beckmann – Greenberg Traurig; Christoph Enaux – Greenberg Traurig; Lukas Gauert – Greenberg Traurig; Martin Hamer – Greenberg Traurig; Oliver Markmann – Greenberg Traurig; Michael Schnitker – Greenberg Traurig; Johann-Frederik Schuldt – Greenberg Traurig; Florian Seitz – Greenberg Traurig; Claudia Stremel – Greenberg Traurig; Richard von Schwarzkopf – Greenberg Traurig; Georg von Wallis – Greenberg Traurig; Lucas Wüsthof – Greenberg Traurig;
Law Firms: Greenberg Traurig;
Clients: HanseMerkur Grundvermögen;