Ashurst advised Corpus Sireo Asset Management Commercial GmbH (Corpus Sireo) on taking on the asset management for nearly the entire "Treveria Silo E" commercial real estate portfolio. Corpus Sireo took on the mandate on behalf of insolvency administrator Ottmar Hermann and in co-ordination with special servicer Hatfield Philips International Ltd..

The portfolio, previously managed by Treveria Asset Management, includes c. 150 properties with a total area of almost 245,000 square meters mostly used by retailers. The properties are spread across Germany and are mainly situated in high street locations. Most of the properties are located in North Rhine-Westphalia, Berlin and Lower Saxony (Bremen region).

Ashurst advised Corpus Sireo with Frankfurt real estate partner Marc Bohne.

With a total of 15.4 million square metres of commercial and residential property space worth more than 16.2 billion Euro in assets under management, Corpus Sireo employs a staff of around 560 professionals at eleven locations in Germany and Luxembourg. This makes the company Germany's biggest asset manager.

http://www.ashurst.com/media-item.aspx?id_Content=8877&expandOfficeList…