Norton Rose Fulbright advises on the sale of unique property on Baltic island

Business September 23, 2015

Global legal practice Norton Rose Fulbright has advised on the sale of the Heringsdorf Pier on the German island of Usedom. Norton Rose Fulbright’s real estate team advised Kriton Immobilien Service GmbH (Kriton), which acted as exclusive asset manager for Litos Immobilien AG (Litos) during the sale. The buyer is the fund of a large German insurance company.

The Heringsdorf Pier was built twenty years ago and at 508 metres, is the longest pier in Germany. The pier replaced the wooden Kaiser-Wilhelm bridge that was destroyed by a fire in 1957 and is located in the tourist centre of Heringsdorf. The pier also provided the backdrop for the television broadcasting of the 2012 European Football Championships.

The Norton Rose Fulbright team was led by partner Maren Stölting and included associate Stefanie Mösges (both corporate, real estate, both Munich), of counsels Felix Dinger (public law, Hamburg) and Matthias Nordmann (antitrust, state aid, Munich) as well as senior associate Andreas Berberich (tax, Munich).

For further information please contact:

Katrin Gneiting, PR & Communications Executive Germany
Tel: +49 89 212148 533; Mob: +49 172 76 975 62

Notes for editors:

Norton Rose Fulbright is a global legal practice. We provide the world’s pre-eminent corporations and financial institutions with a full business law service. We have more than 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

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Partner, Head of Real Estate, Germany and Co-Head of Real Estate, EMEA