Legal Advice for BlueRock Fund on Acquiring Headquarters of DuMont Media Group
Munich, March 8, 2016: BlueRock Fund, a real estate investment fund, has acquired the headquarters of DuMont Media Group located in Amsterdamer Straße, Cologne. The sale was closed at 60 million euros.
When acquiring the object, BlueRock Fund received full legal advice from an expert team at the international corporate law firm HEUSSEN. Heading the team was Dr. Jan Dittmann, a real estate law expert and law firm partner. Team members included experts Carsten Richter, LL.M. (tenant law), Bernhard Schex (public law), Rupert Klar (tax law) and Franziska Reuber (tax law).
Said object comprises 44,000 sq.m. of office, storage and service space and was built in 1998. Standing five stories tall, it features both a 111-space underground garage and a 250-space parking lot. Under the new terms, it is now also the object of a 15-year lease agreement signed by DuMont Media Group.
Dr. Jan Dittmann has been advising BlueRock Fund on various real estate transactions for some years now, including the latter’s acquisition of the headquarters of energy service provider Techem in the German town of Eschborn.
About BlueRock Fund
BlueRock Fund is a real estate investment fund company primarily investing in office real estate. With an investment volume of more than 200 million Euros at their disposal, fund managers at the company are vastly experienced in real estate investment throughout Europe. Some of the real estate properties in the company’s investment fund portfolio are leased out to leading European companies like Deutsche Telekom AG and its subsidiary Generalmietgesellschaft mbH. The investment fund was established as an opportunity for investors worldwide to diversify or extend their investments into disparate fields.