DLA Piper has advised Hahn Group on the sale of Campus Center Lübeck.
Nuveen Real Estate executed the acquisition of Campus Center Lübeck from Hahn Group for its German core retail platform.
The retail park has a leasable floor space of approximately 13,550 m2 and is almost fully leased. Main tenants include retailers Real, Aldi, Rossmann and Alnatura.
The single storey shopping center was built in 2007 and extensively modernized in 2016. It attracts around 190,000 visitors per month. In addition, the property offers excellent transportation links, 610 parking spaces and is located in close proximity to the Technical University and University of Lübeck. Hahn Group is a specialized asset and investment manager for large-scale retail properties, which are distributed over some 160 locations. Currently managed assets amount to approximately EUR2.8 billion.
The DLA Piper team led out of the Frankfurt office by partner Fabian Mühlen (Real Estate; Picture) and supported by partner Dr Marie-Theres Rämer (Tax, Frankfurt), senior associate Moritz Mursa (Cologne, Real Estate) and associate Konstantin Decker-Horz (Frankfurt, Real Estate).
Law Firms: DLA Piper;
Clients: Hahn Group;