Global law firm Norton Rose Fulbright has advised Warburg-HIH Invest Real Estate (Warburg-HIH Invest) on the acquisition of the “Siemens Mobility Campus” in Braunschweig, Germany, in a sale-and-leaseback transaction. The seller, Siemens Mobility, is now the lessee of the property, which serves as a location for rail automation and control systems for rail vehicles.
Warburg-HIH Invest is an investment manager for real estate in Germany and Europe and currently manages assets with a total value of €8.8 billion for around 150 institutional customers. Warburg-HIH Invest with headquarters in Hamburg plans and realises structured real estate investment solutions. The Siemens Mobility Center was acquired for the umbrella fund of a savings bank.
Led by partner Hendrik Theismann, Norton Rose Fulbright’s Frankfurt-based team included counsel Michael Mehler and associate Daniela Kowalsky. Partner Tino Duttiné and associate Robert Schmidt advised on the tax matters related to this transaction.