DLA Piper has advised a joint venture, managed by publity AG as part of an asset management mandate, on the sale of the office property "Sunsquare" to the Godewind Group for 30.5 million euros.

Located in a commercial area in Kirchheim near Munich, the property has a rental area of more than 18,000 square meters. The complex has an additional expansion reserve of around 15,500 square meters. The transfer of ownership, benefits and claims on the property and assets will be completed by the end of the year.

The DLA Piper team was led by Munich-based Real Estate partner, Lars Reubekeul, assisted by associate, Philipp Moser. The team was supported by Finance, Projects & Restructuring partner, Xavier Guzman, and associate, Rachida Benhalima in Luxembourg.