Ashurst advised Hamburgische Immobilien Handlung GmbH ("HIH") on the sale of the Triforum building complex in Cologne. HIH sold the hotel and office property on behalf of Warburg-Henderson Deutschland Fonds Nr. 1 to real estate fund manager Internos who bought the property for the special fund Real Value Plus, managed by Master-KVG Institutional Investment Partners.

Triforum comprises a 4* hotel and an office complex with a rentable area totalling 24,000 sqm. Circa 15,000 sqm of this area is office space and is fully let. The hotel is operated by Radisson on a long lease under the Park Inn brand.

The Ashurst Frankfurt-based team was led by real estate partner Dr Liane Muschter, assisted by senior associate Dr Hendrik Theismann. Partner Heiko Penndorf and senior associate Felix Krüger advised on the tax aspects of the transaction.