Ashurst advised Warburg-HIH Invest Real Estate on taking over development sites “West 1 to 3” of the large-scale project “MesseCity Köln”.
The takeover took place within the framework of a club deal for institutional investors. The sellers are the joint venture partners STRABAG Real Estate (STRABAG) and ECE Projektmanagement (ECE). According to Warburg-HIH Invest, the volume of the transaction amounts to more than EUR 350 million.
On the three development sites in the western part of the new quarter the new buildings for Zurich Group with a total office space of c. 60,000 square metres are being built. As of 2019, c. 2,700 employees of Zurich Versicherung will be moving into their new offices. In total, the large-scale project MesseCity Köln covers c. 135,000 square metres of gross building area on a c. 5.4-hectare plot situated in Köln Deutz on the right bank of the Rhine.
Warburg-HIH Invest offers, as real estate investment manager, the entire spectrum of national and international real estate investments for institutional investors.
Ashurst advised Warburg-HIH Invest Real Estate on the deal with a team led by real estate partner Dr Liane Muschter (picture), assisted by partners Dr Henrik Theismann (Real Estate), Jan Krekeler (Corporate), Dr Detmar Loff (Investment Law) and Ute Zinsmeister (Anti-trust law, Munich). They were supported by counsel Nicolas Deuerling and associate Sven Nickel (Real Estate), senior associate Jan Kupfer and associates Jan van Kisfeld, Anna-Maria Krekeler and Markus Hiebel (Corporate), senior associate Holger Mlynek (Procurement law) as well as senior associate Dr Maria Held (Anti-trust law, Munich).
Involved fees earner: Liane Muschter – Ashurst; Henrik Theismann – Ashurst; Nicolas Deuerling – Ashurst; Sven Nickel – Ashurst; Jan Krekeler – Ashurst; Jan Kupfer – Ashurst; Jan van Kisfeld – Ashurst; Anna-Maria Krekeler – Ashurst; Markus Hiebel – Ashurst; Detmar Loff – Ashurst; Ute Zinsmeister – Ashurst; Maria Held – Ashurst; Holger Mlynek – Ashurst;
Law Firms: Ashurst;
Clients: Warburg-HIH Invest;