DLA Piper has advised Hahn Group on its sale of the Rathaus Center Dietzenbach to the European investment and asset management company Catalyst Capital. The property, which is the only shopping mall in the city, was built in 2007 and covers a rentable floor space of some 21,600 square metres. Both parties agreed not to disclose the purchase price.

Catalyst Capital wishes to reinforce the existing specialist retail character of the mall, while Völkel Company will be taking over the management of the centre. The real estate provider JLL acted as advisor for the transaction.

Hahn Group is a specialized asset and investment manager for large-scale retail properties, which are distributed over some 160 locations. Currently managed assets amount to approx €2.8 billion.

The DLA Piper team led by partner Fabian Muehlen (Real Estate) comprised the partners Dr Bjoern Enders (Tax, both Frankfurt), Dr Cornelius Frie (Corporate, Cologne), counsel Sven Seibold (Finance, Projects and Restructuring, Frankfurt), senior associate Moritz Mursa (Real Estate, Cologne) and associates Dr Riccarda Marcelli (Corporate, Cologne) and Julian Jung (Real Estate, Frankfurt). In addition, advocaat Patrick Gremmels (Corporate, Amsterdam) was also involved..