Ashurst advised a major German insurance company on the acquisition of the shopping centre "Tempelhofer Hafen" in Berlin. The centre was sold by Tempelhofer Hafen GmbH & Co. KG for an undisclosed consideration.

The centre "Tempelhofer Hafen" comprises an historic warehouse, a shopping mall with a medical centre, a port, piers as well as entertainment and leisure facilities. The rentable area is c. 36,600 square metres. Tenants of the centre which is almost entirely leased out are, amongst others, EDEKA, MediaMarkt, C&A, Jopp&Jopp and H&M.

Ashurst advised with a multi-practice team led by real estate partner Dr Liane Muschter, supported by senior associates Dr Hendrik Theismann and Nicolas Deuerling as well as associate Hannes Riedel (all Real Estate, Frankfurt). Frankfurt-based partner Heiko Penndorf advised on tax law, partner Ute Zinsmeister and associate Maria Held (both Munich) on cartel law.