Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the acquisition of a part of Bremer Carrée.

Warburg-HIH Invest bought the commercial building in the German city of Bremen for its investment fund " Warburg-HIH Perspektive Einzelhandel: Fokus Geschäftshäuser". The owner and seller of the property is Allianz Lebensversicherungs-AG, which was represented by Allianz Real Estate Germany GmbH. The parties have agreed not to disclose the purchase price.

The Bremer Carrée scheme extends over a gross lettable area of around 12,000 square metres in the Obernstrasse prime high-street pitch in downtown Bremen. Thereof, around 6,700 square metres of almost fully let retail area are earmarked for the retail property fund, while around 5,300 square metres will be owned by Quest Investment Partners.

The Ashurst team was led by real estate partner Dr Liane Muschter, assisted by associates Felix Bergfort and Daniela Kowalsky as well as paralegals Anja Stötzel and Oliver Lamberti (all real estate). Partner Dr Martin Bünning and associate Carina Park (both tax) as well as partners Jan Krekeler (corporate) and Dr Detmar Loff (supervisory law, all Frankfurt) also advised.

Ashurst's longstanding client Warburg-HIH Invest is a real estate investment manager serving institutional investors and covering the entire spectrum of national and international real estate investments. Launched by Warburg-HIH Invest in July 2017, the open-ended special AIF Warburg-HIH Perspektive Einzelhandel: Fokus Geschäftshäuser invests in fast-growing cities in Germany, including high- and middle-order centres in addition to the "Big Seven" cities.