Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the acquisition of a portfolio of six office properties in Munich, Frankfurt am Main, Cologne, Hanover, Bremen and Nuremberg for its "Deutschland Selektiv Immobilien Invest" special fund.

The seller is the German insurer Barmenia Lebensversicherung a.G. The parties have agreed not to disclose the purchase price.

The acquired property with a total rental area of 27,300 square meters and almost fully let. The properties are all situated in attractive office districts with established infrastructure, and are all in very good condition thanks to regular modernisation and maintenance. Following the acquisition of the "TriTower" office scheme in Hanover in March of this year, Warburg-HIH Invest has now acquired a diversified portfolio of six, almost fully let office properties in Munich, Frankfurt, Cologne, Hanover, Bremen and Nuremberg. 

The Ashurst team was led by real estate partner Dr Liane Muschter, assisted by associate Sven Nickel and paralegal Anja Stötzel (both real estate, Frankfurt). Senior associate Dr Maria Held from the Munich office advised on antitrust aspects.

Ashurst's longstanding client Warburg-HIH Invest is a real estate investment manager serving institutional investors and covering the entire spectrum of national and international real estate investments. Warburg-HIH Invest is one of Germany's leading managers of special AIF for real estate with real estate assets of more than €6 billion under management. Warburg-HIH Invest can demonstrate a comprehensive track record in concept designing and implementing bespoke investment solutions.