Volksbank Rhein-Ruhr eG’s Acquisition of Werhahn mill

Heuking Kühn Lüer Wojtek advises Volksbank Rhein-Ruhr eG on the Deal

Volksbank Rhein-Ruhr eG, Duisburg, has acquired the Werhahn mill in Duisburg’s inner harbor from alltours Flugreisen GmbH, Düsseldorf. The Werhahn mill, comprising about 27,000 square meters of space with some 50 tenants, will be used as an office and restaurant complex. The brick building, which is partly protected as a historic monument, on the promenade of the inner harbor houses two renowned restaurants, “Diebels” inn and “Bolero.” The property had been acquired in a foreclosure sale by “Alltours” in 2011. After the acquisition and conversion of the former Alltours headquarters on Schifferstrasse to the new banking headquarters by Volksbank Rhein-Ruhr eG in 2014/2015, the cooperative bank is once again investing in the regional environment and the inner harbor in Duisburg.

Duisburg-headquartered Volksbank Rhein-Ruhr eG is one of the largest cooperative banks in North Rhine-Westphalia with a balance sheet total in excess of EUR 1.47 billion.

Heuking Kühn Lüer Wojtek advised Volksbank Rhein-Ruhr eG with a team including Christoph Nöhles, Peter Vocke (Picture) (both Real Estate, Lead), Kathrin T. Paulet (Real Estate), Fabian Schmitz (Real Estate) and Fabian Gerstner (Public Law).

Involved fees earner: Christoph Nöhles – Heuking Kühn Lüer Wojtek; Peter Vocke – Heuking Kühn Lüer Wojtek; Kathrin Paulet – Heuking Kühn Lüer Wojtek; Fabian Schmitz – Heuking Kühn Lüer Wojtek; Fabian Gerstner – Heuking Kühn Lüer Wojtek;

Law Firms: Heuking Kühn Lüer Wojtek;

Clients: Volksbank Rhein-Ruhr eG;