Ashurst advised Taiwanese insurer Fubon Life on the acquisition of the Eurotower in Frankfurt.

Fubon Life, one of the largest insurers in Taiwan, acquired the 148 metre high office property at Frankfurt's Kaiserstraße through Patrizia Immobilien, who acted as the investment manager. The seller is a fund managed by Triuva for a German pension fund. The purchase price was EUR 530 million. The Eurotower is known as the former headquarter of European Central Bank, which stayed in the building as a tenant after its headquarters moved to Frankfurt's Ostend.

The Ashurst team was led by partners Nicolas Deuerling and Dr Liane Muschter. They were supported by counsel Bernd Bäumer, associates Sven Nickel, Florian Wörner and Till Pflug as well as paralegal Daniel Weimann (all Real Estate). Partner Dr Martin Bünning and associate Carina Park (all Frankfurt) advised on tax matters. Antitrust advice was provided by counsel Dr Maria Held (Munich).