Ashurst advised the luxemburgish real estate investor CORESTATE Capital Holding S.A. (Corestate) on the acquisition of an office object in Munich-Neuperlach.

The building is projected to be refurbished, extended and completely let until end of 2020. The overall investment amounts to 66 million Euro. The existing office property currently comprises 13,000 sqm rental space and is let by 75% to individual tenants. After refurbishing the object will have a total floor area of 16,700 sqm and approx. 180 underground parking spaces.

The Ashurst team was led by partner Dr Liane Muschter. She was supported by associate Sven Nickel and paralegal Daniel Weimann (all Real Estate, Frankfurt).