Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the acquisition of the office property "East Side Office" in Berlin as part of an individual fund mandate. The parties agreed not to disclose the purchase price.

East Side Office is located in close proximity to Mercedes-Benz Arena, as well as branches of various major enterprises such as Zalando, Coca Cola and BASF. The first phase of construction began in July 2015 and completion is scheduled for autumn 2016. The second phase will be completed in late 2018. The total rental area will be approximately 17,300 square metres. The main tenant is a major international company.

The Ashurst team was led by Frankfurt real estate partner Dr Liane Muschter who was assisted by partner Peter Junghänel, senior associate Dr Hendrik Theismann and associate Catharina Englert (all real estate, Frankfurt).

Warburg-HIH Invest is among the leading managers of real estate special AIF in Germany and, with assets under management of approximately €5.7bn, has a comprehensive track record in the drafting and implementing of individually customised investment solutions.