Ashurst advised Warburg-HIH Invest Real Estate GmbH ("Warburg-HIH Invest") on the sale of a retail warehouse park in the German town of Bedburg to LaSalle Investment Management ("LaSalle"). The park was sold from the portfolio of the Warburg - Henderson Pan-Europa Fonds Nr. 1 investment fund for an undisclosed consideration. The disposal was concluded according to plan within the framework of the fund's disinvestment phase.

Built in 2000 and fully let today, the retail warehouse park at Bahnstrasse 15 has a gross lettable space of 13,105 square metres as well as 510 parking lots. Anchor tenant is retail chain "Real", while other tenants include a "Dänisches Bettenlager" furniture store and a "MediMax" consumer electronics store.

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

Warburg-HIH Invest was internally advised by Hans-Joachim Lehmann, Managing Director and Head of Transaction Management Germany.