Ashurst advises Warburg-HIH Invest on acquisition of TurmCarrée building in Frankfurt
Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the acquisition of the mixed-use property development "TurmCarrée" in the city of Frankfurt by way of an asset deal. The property was sold by the Engel and Kolb families. The acquisition was made for the portfolio of the 'TOP 7 Deutsche Metropolen Immobilien Invest' open-ended property special fund, which was set up for institutional investors in cooperation with NORD/LB Norddeutsche Landesbank.