Global law firm Norton Rose Fulbright has advised real estate company Sirius Real Estate on the acquisition of Oberhausen's Quartier 231 business park. Quartier 231 is located in the heart of the western Ruhr region and has a total of 77,600 square meters of office and warehouse space.
Norton Rose Fulbright provided comprehensive legal and tax advice to Sirius Real Estate on the entire transaction. In addition to the negotiation of the purchase agreement, plus legal and tax due diligence, the advice also included the legal and tax structuring of the acquisition.
Sirius Real Estate is a leading owner and operator of business parks in Germany. Through its Berlin-based subsidiary Sirius Facilities GmbH, founded in 2006, Sirius Real Estate Ltd. develops and operates more than 60 innovative business parks and office centers throughout Germany. The company is listed on the London and Johannesburg Stock Exchanges. The portfolio includes more than 1.8 million square meters of office, industrial and commercial space across all German metropolitan areas.
The Norton Rose Fulbright team in Germany and the Netherlands was led by Hamburg partner Patrick Narr (corporate/real estate). He was supported by partners Tino Duttiné (tax law, Frankfurt) and Geert-Jan van Rijthoven (corporate law, Amsterdam), counsels Dr. Felix Dinger (public law, Hamburg) and Stefanie Walthaus (corporate law, Amsterdam), senior associate Dr. Karsten Alex (corporate law/real estate law, Hamburg), and associates Malte Meyer (corporate law/real estate law, Hamburg), Sarah Heufelder (tax law, Frankfurt), Nivard Witte (corporate law, Amsterdam) and Johanna Schmalenbach (corporate law/real estate law, Hamburg).