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Deal Date: 02-10-2015 Practice Area: Real Estate
Deal Title: Aberdeen Asset Management Deutschland - Dusseldorf Residential Portfolio Acquisition Industry: Real Estate Investment & Services
Description:
Ashurst advised Aberdeen Asset Management Deutschland AG (Aberdeen) on the acquisition of nine residential buildings in Dusseldorf's le flair urban quarter for one of its real estate special funds. The properties were sold by Hochtief Projektentwicklung and Interboden Innovative Lebenswelten. 155 apartments with around 12,300 square metres of living space were being built on lot 12 from September 2015 onwards. The three- to six-storey buildings were due for completion by mid-2017.
Financial Center: Frankfurt Value: 0.00-0.00
Advised Party: Purchaser Law Firm
Real Estate Jurisdiction Germany Purchaser Jurisdiction Germany
Classification: Real Estate Acquisitions and Disposals Residential
Lawyer Liane Muschter