DLA Piper has advised the Hahn Group, an asset and investment manager with a focus on retail properties, on the sale of shopping centre Erding to the KGAL Group.

KGAL has acquired the property for an institutional real estate fund. Erding was opened in 2008, and offers a broad range of services and products over a total of some 33,000 square metres of rental space. The Hahn Group as seller of the property was acting on behalf its HAHN FCP-FIS-German Retail Fund, which is marketed to institutional clients.

For more than three decades, the Hahn Group has specialized in large-scale trading properties as an asset class. During the course of its history, the Hahn Group has already successfully set up more than 170 real estate funds. Currently managed assets are in excess of 2.4 billion euros. With its comprehensive expertise from real estate and asset management, the Hahn Group has a unique selling point in its market segment amongst private, semi-professional and professional investors. In this activity, it controls and monitors the entire value-added chain of its trading properties at more than 150 locations.

Leading the advisory team from DLA Piper was partner Fabian Mühlen (Real Estate, Frankfurt). Also in the team was Counsel Dr Cornelius Frie (Corporate, Cologne).