Global law firm Norton Rose Fulbright has advised Hamburg Trust, a leading German investment and asset manager, on the commercial real estate acquisition of an office building in Flensburg.
The four-storey building has a total commercial rental area of 5,000 square metres as well as a car park with 178 spaces. Tenants include Commerzbank, the Barmer Ersatzkasse and the TTP AG, in addition to the City of Flensburg.
The property at Rathausplatz 15 was purchased as part of an asset deal for ‘HT Office Top 30 Invest,’ Hamburg Trust’s open-ended real estate fund for a German insurance company.
The fund invests in fast-growing German and Austrian cities with a population of 100,000 citizens or more. The fund was established by Hamburg Trust KVG in 2018. This acquisition is the third for the fund.
The Norton Rose Fulbright team in Frankfurt comprised Dr. Hendrik Theismann (partner), Michael Mehler (of counsel) and Daniela Kowalsky (associate). In addition, Tino Duttine (partner) and Robert Schmidt (associate) advised on tax-related issues.
Dr. Hendrik Theismann, Michael Mehler and team advised Warburg-HIH on the sale of the Süderstrasse 63 office building in Hamburg’s City-Süd district to Deka Immobilien last month, reflecting the firm’s strength in German real estate matters.
For further information please contact:
Stefanie Kerschke, PR & Communications Executive Germany
Tel: +49 89 212148 339; Mob: +49 174 34 528 72