Ashurst advised Warburg - Henderson Kapitalanlagegesellschaft für Immobilien mbH, represented by HIH Hamburgische Immobilien Handlung GmbH, on two property transactions in Coburg and Frankfurt/Main. In Coburg, HIH acquired a commercial property in the city centre on behalf of Warburg - Henderson from the B&L group. The building has an area of almost 5,445 square metres of leased space. The second transaction involved the sale of the high-rise office building, Guiollettstraße 48, in Frankfurt's Westend. HIH sold the property from a Warburg - Henderson fund to Phoenix Real Estate Development. The building comprises 4,600 square metres of office space and will be completely revitalised for consultancy firms who are the target tenant group.

The Ashurst team was led by Frankfurt-based real estate partner Dr Liane Muschter. She acted on the transaction in Coburg together with senior associates Dr Hendrik Theismann and Nicolas Deuerling (both real estate). Tax aspects were handled by partner Dr Klaus Herkenroth. Dr Theismann as well as tax partners Dr Klaus Herkenroth and Heiko Penndorf (all Frankfurt) assisted on the sale of the office building in Frankfurt.

Warburg - Henderson is a joint venture between the independent German private bank M.M.Warburg & CO and the British investment management group Henderson Global Investors. The joint venture initiates funds for German and international institutional property investors. HIH acts as exclusive asset manager for Warburg - Henderson in Germany.

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