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Deal Date: 08-10-2014 Practice Area: Real Estate
Deal Title: Acquisition of The Am Zirkus 1 Complex, Berlin Mitte Industry: Real Estate Investment & Services
Description:
Dentons advised a special fund of an Asian investor issued by investment company KanAm on the acquisition of a real estate complex in Berlin Mitte. The Am Zirkus 1 complex includes a hotel as well as residential and commercial real estate. The acquisition comprises offices and a hotel with a total of 16,500 sq.m., of which the hotel accounts for 11,400 sq.m. The Sellers were project developer and investor Peach Property Group AG and DIAG Deutsche Immobilien AG. The parties agreed to keep the purchase price confidential. Dentons: Dr. Joachim Homeister (Counsel, leading), Jan Hellner (Counsel, both Real Estate), Boris Strauch (Counsel, Public Law), Oliver Ehrmann (Senior Associate, Tax, all Berlin), Elena Homeister (Associate, Real Estate, Moscow)
Financial Center: Berlin Value: 0.00-0.00
Advised Party: Purchaser Law Firm
Real Estate Jurisdiction Germany Purchaser Jurisdiction Germany
Classification: Real Estate Acquisitions and Disposals Mixed-Use Schemes
Lawyer Joachim Homeister