Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the acquisition of an office property in Stuttgart for the portfolio of the Warburg - Henderson Germany High Income Fund. The property built in 2012/2013 located at Löwentorbogen 11/13 in Stuttgart's Bad Cannstatt district was sold by Dibag Industriebau AG. The parties have agreed not to disclose the purchase price.

The building's lettable area of 11.284 square metres is fully occupied by GMB Generalmietgesellschaft mbH, a wholly-owned subsidiary of Deutsche Telekom.

The Ashurst team was led by real estate partner Dr Liane Muschter. Senior associate Dr Hendrik Theismann and associate Catharina Englert assisted. Partner Heiko Penndorf and senior associate Felix Krüger advised on tax aspects (all Frankfurt).