Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the sale of the office and commercial building "Kö-Blick" in Dusseldorf's Königsallee 61 to the "Cicerone Fund", an Italian pension fund managed by CBRE Global Investors and Fabrica SGR. The property belonged to the portfolio of an individual fund (open real estate special AIF) of Warburg-HIH Invest. The parties agreed not to disclose the purchase volume.

Built in 2011 according to the plans of the architectural firm Ingenhoven, the building has a total of 6,750 square metres of rental space on nine floors as well as 45 parking spaces in the underground car park. 5,500 square metres are for office space, 650 square metres for retail and 550 square metres for residential space. The main tenants of the fully leased property are CBRE, as well as the law firms Mayer Brown and Graf von Westphalen.

The Ashurst team was led by real estate partner Dr Liane Muschter. She was assisted by associate Sven Nickel and paralegal Anja Stötzel (both real estate). Partner Dr Martin Bünning and associate Carina Park advised on tax law (all Frankfurt).

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.