Rabo Real Estate Group ("Rabo"), the real estate division of Rabobank with headquarters in the Netherlands, has sold the PalaisQuartier in Frankfurt am Main to funds managed by Deutsche Asset & Wealth Management. ECE is participating in the acquisition with a 10% stake and will manage the "MyZeil" shopping centre. The PalaisQuartier in the centre of Frankfurt consists in addition to the "MyZeil" shopping centre of the "NEXTOWER" office building, the "Jumeirah Frankfurt" hotel, the
reconstructed Thurn und Taxis Palais and a parking garage and comprises of 115,000 square meters of rental space and 1,400 parking units. The adjacent development property "RundschauAreal" was sold to STRABAG Real Estate.

Hengeler Mueller advised Rabo on all legal aspects of the transaction. The Hengeler Mueller team included partners Thomas Müller, Georg Frowein (both M&A/Real Estate, Frankfurt), Jan D. Bonhage (Regulatory, Berlin) and Alf-Henrik Bischke (Competition, Düsseldorf) as well as associates Johannes Honzen, Maximilian Clostermeyer (both M&A/Real Estate, Frankfurt), Christian Henning Müller (Competition, Düsseldorf) and Fabian Quast (Regulatory, Berlin).