DLA Piper has advised the KGAL Group on the acquisition of the high-rise office building Düsseldorf Office Center Kaistrasse (DOCK), in the Media Harbour of Düsseldorf, the capital city of the Federal State. The seller of the DOCK is a German family office who were represented throughout the transaction by the Berlin property company 3H real estate.

The high-rise office building is the eighth investment for the Immobilien-Spezial alternative investment fund. The 16-storey high-rise office building offers 10,300 m² of office space and is in a central location in Düsseldorf. The property is being fully let and has a diversified tenant structure.

KGAL GmbH & Co. KG, a German asset and investment manager based in Grünwald near Munich, has been initiating and managing long-term real asset investments since 1968, with sustainable and stable earnings. As of 31 December 2015, KGAL Group manages investments of 21.7 billion Euros.

The DLA Piper team, led by partner Fabian Muehlen (Real Estate, Frankfurt), included counsel Dr Cornelius Frie (Corporate, Cologne), senior associates Gitta Gehring (Tax, Frankfurt) and Barbara Rybka (Real Estate, Munich), associate Dr Heiner Feldhaus (Real Estate, Cologne) and the transaction lawyers Tamara Schwenk and Konstantin Decker-Horz (both Real Estate, Frankfurt).