Ashurst advised property investor La Francaise Real Estate Partners International (La Francaise) on the acquisition of office building "Campus 53" in Frankfurt's Ostend. The seller of the six storey building located at Ferdinand-Happ-Strabe 53 is Deutsche Asset Management, belonging to Deutsche Bank Group. The parties have agreed not to disclose the purchase price.

The 6.730 square metre object is fully let to global advertising agency Leo Burnett. 58 parking spaces are available on the two basement levels.

The Ashurst team was led by partner Dr Hendrik Theismann. He was assisted by senior associate Michael Mehler and associate Nader Mehrinfar (all real estate). Partner Dr Martin Bunning advised on tax aspects (all Frankfurt).

La Francaise offers open-ended funds for private investors and funds for institutional investors. The company focuses on core or core-plus real estate in A and B cities, predominantly investing in office buildings and inner-city retail, increasingly also in super markets and retail parks.