Legal Advice for Real I.S. on Recent Transaction
Munich-based investment fund provider Real I.S. recently sold the Circoleum office building, located at Siemensstraße 21 in Bad Homburg near Frankfurt. The purchaser is Concarus, a corporate affiliate of the May & Porth Group. The selling price for the property was listed at approx. 40 million Euros.
A legal expert team from the HEUSSEN corporate law firm headed by Christoph Hamm, one of the firm’s partners, provided Real I.S. with legal advice throughout the transaction. Team members furthermore included Bernhard Schex (Partner, public/constr./real estate law), Nina Klotz-Hörlin (Partner, real estate law) and Charlotte Zais (Assoc., real estate law). The transaction broker was represented by the Savills law firm.
Built in 1994, the transaction object boasts approx. 21,100 sq.m. of floorspace, 449 parking spaces and is primarily leased by the Fresenius Medical Group. The property used to belong to the closed-end real estate fund Bayernfonds Circoleum placed in 2002.
Christoph Hamm advises Real I.S. on its transactions on a regular basis.
Real estate & construction law is one of the mainstays of HEUSSEN’s law services. A total of 15 partners, along with an additional 10 highly qualified attorneys throughout all of HEUSSEN’s law offices offer comprehensive advice in all real estate & construction law matters, from project development, construction, stock management and promotional campaigns. Clients in these law fields include both national and international real estate companies as well as real estate affiliates of banks and insurance companies, large and mid-sized construction companies, real estate owners, investors, real estate fund companies, plant manufacturers, project developers, project managers, architects, engineers, brokers, property developers and construction managers.