DLA Piper has advised real estate investment company Indigo Invest on the sale of an office building in Wiesbaden as part of an asset deal. The buyer is TRIUVA Kapitalverwaltungsgesellschaft mbH. An agreement has been made between the two parties not to disclose the purchase price.

Situated in the city centre of Wiesbaden, the property DENUO has a total area of some 9,000 square metres and is fully let. The anchor tenant is Continentale Versicherungsverbund. The six-storey core property was built in the 1980s and renovated during the period 2014 to 2016.

Indigo Invest is a Düsseldorf-based German Real Estate Investment Company. The company invests in various types of existing properties with a focus on Germany and UK and creates value through active management. Since it was established in 2010, Indigo Invest's acquisition and sales transactions have totalled more than €500 million.

The DLA Piper team led by partner Fabian Mühlen comprised counsel Christian Lonquich (both Frankfurt), associate Moritz Mursa (Cologne) and transaction lawyer Tamara Schwenk (Frankfurt, all Real Estate).