DLA Piper has advised a joint venture between Indigo Invest and the Hahn Group on the sale of a portfolio of real properties with a total rentable floor space in excess of 140,000 square metres. The joint venture acquired the portfolio in 2012 for an undisclosed amount.

The portfolio consists of shopping and specialist retail centres which have been successfully upgraded in the past three years. The sale of the 16 properties in total is taking place as a share deal.

Indigo Invest is a German real estate investment company headquartered in Dusseldorf. The company primarily invests in various types of existing properties and creates value through active management. Since being established in 2010, Indigo Invest acquisition and sales transactions have totalled more than 500 million euros.

The Hahn Group has been a specialist asset and investment manager for large-scale retail properties for more than three decades. During the course of its history, the Hahn Group has successfully founded more than 170 real estate funds. It currently manages assets amounting to some 2.4 billion euros.

The DLA Piper team was led by partner Fabian Muehlen (Real Estate, Frankfurt) and counsel Dr Cornelius Frie (Corporate, Cologne). It included partner Dr Michael Holzhaeuser (Antitrust, Frankfurt), counsels Christiane Conrads (Real Estate, Cologne) and Robert Hofbauer (Finance & Projects, Frankfurt), senior associate Timo Betjemann (Corporate, Cologne), associates Carla Nicolai (Real Estate, Frankfurt) and Moritz Mursa (Real Estate, Cologne), transaction lawyer Konstantin Decker-Horz, as well as commercial lawyer Tamara Schwenk (Real Estate, Frankfurt).

Also advising from the office in Amsterdam were Patrick Gremmels and Walter Borchert (both Corporate).