Ashurst advised Warburg - Henderson Kapitalanlagegesellschaft für Immobilien mbH ("Warburg - Henderson"), represented by HIH Hamburgische Immobilien Handlung GmbH ("HIH"), on the acquisition of the office and commercial building "Schillerhaus" in Frankfurt. Warburg - Henderson acquired the property for its special fund Warburg - Henderson Deutschland Top 5. Schillerhaus was sold by asset manager Commerz Real respectively by the fund hausInvest for an undisclosed consideration.

In the property which was finished in 2004, 70 per cent. of the rental space which comprises 12,600 sqm is used for offices and 25 per cent. for retail. The rest are residential and archive spaces. The main tenants include the management consultants from USP Beratung and West Park Management, Interhyp as well as the developer MAB Development.

The Ashurst team was led by Frankfurt-based real estate partner Dr Liane Muschter. She was assisted by senior associate Dr Hendrik Theismann and associate Hannes Riedel (both real estate, Frankfurt). Partner Heiko Penndorf advised on tax aspects, supported by associate Felix Krüger (both Frankfurt). Partner Ute Zinsmeister advised on antitrust matters, assisted by associate Maria Held (both Munich).

Ashurst regularly advises Warburg - Henderson on real estate acquisitions and sales in Germany.