Ashurst advised insurance group R+V Versicherung on the acquisition of Peek & Cloppenburg's commercial building located on Markt 1 in the German city of Luebeck. The property was sold by the Pan European Urban Retail Fund (PURetail), managed in a joint venture between La Française Real Estate Partners International and Aberdeen Standard Investments Deutschland AG. PURetail acquired the property in 2015 from a real estate fund of Deutsche Bank.

The Ashurst team was led by real estate partner Dr Liane Muschter, assisted by associate Sven Nickel and paralegals Anja Stötzel and Oliver Lamberti. Partner Dr Martin Bünning and associate Carina Park advised on tax aspects (all Frankfurt).

Ashurst regularly acts for R + V in relation to real estate transactions, for example in 2016 on the acquisition of the Weinheim Galerie shopping center in the German city of Weinheim from DC Developments.