Global law firm Norton Rose Fulbright has advised d.i.i. Group, an integrated housing company and residential property developer based in Wiesbaden, Germany, on the acquisition of a residential property portfolio. The portfolio consists of a total of 333 residential units, 7 other units and 61 parking spaces.
The d.i.i. group is active throughout Germany and invests exclusively in residential assets. The Group manages approximately €2.3 billion assets and has equity capital of €1.6 billion. The core business of the d.i.i. Group includes portfolio and value development, residential privatisation and the construction of new residential properties.
The Norton Rose Fulbright team specializing in real estate transactions was led by partner Hendrik Theismann and counsel Michael Mehler with support from associate Daniela Kowalsky.