Ashurst advised a Luxembourg-based company managed by Alpina Real Estate on the acquisition of the office building Bülow Tower in Stuttgart. The property was sold by a real estate company owned by the Royal Bank of Scotland.

The Bülow Tower, comprising a rental area of almost 14,000 m², was built in 1991 and has recently been redeveloped.

The Ashurst team was led by real estate partner Marc Bohne. He was assisted by associate Adnan Manzoor. Partner Heiko Penndorf, supported by associate Felix Krüger (all Frankfurt), advised on the tax aspects, partner Isabelle Lentz, supported by associate Françoise Haralamb (both London) advised on Luxembourg law.

The seller instructed Latham & Watkins with counsel Annette Griesbach and associate Christina Hölder.

Alpina Real Estate is part of the PlusAlpina group, an independent service group that advises national and international private and institutional investors on all aspects relating to their real estate investments. PlusAlpina is headquartered in Frankfurt and is a joint venture of the N+1 Group and CONREN Land.