Ashurst advised RFR Holding GmbH ("RFR") on the acquisition of a business building in Berlin. The property, located on Kurfürstendamm 28, was sold by special fund manager aik for an undisclosed price.

Built in 1892, the property has a rentable space of approximately 3,600 sqm with Deutsche Bank being the main tenant of the retail space. The purchase is RFR's fourth on Kurfürstendamm, with other holdings on the street that include the Upper West highrise and Kurfürstendamm 224 and 188/189.

The Ashurst team was led by real estate partner Dr Liane Muschter. Her Frankfurt-based team comprised tax partner Heiko Penndorf, senior associate Dr Hendrik Theismann and associate Hannes Riedel (both real estate) as well as senior associate Felix Krüger (tax).

RFR Holding GmbH is owned by the RFR Group who has built a unique portfolio of properties in the last 25 years. Architectural icons such as New York's Seagram Building by Mies van der Rohe, are complemented by contemporary office and retail buildings, luxury condominiums and themed hotels.