Art-Invest Real Estate has acquired a data centre in Gutleutstraße 310 in Frankfurt as part of an asset deal. The data centre is rented by a prestigious operator; the purchase price was not disclosed. The real estate team of King & Wood Mallesons LLP (KWM) provided legal and tax advice to the purchaser.

The property has a land area of 20,000 m². The seller is the MELF Monti I S.à r.l., which was advised by K&L Gates LLP.

Art-Invest Real Estate is a real estate investment and management company that invests in properties with value creation potential in good locations of major cities. The focus is on German metropolitan regions including Berlin, Dusseldorf, Frankfurt, Hamburg, Cologne / Bonn, Munich, Nuremberg and Stuttgart. Eleven special funds for institutional investors such as pension funds and foundations have already been laid out through its own capital management company.

KWM has, with the German real estate team led by Lars Reubekeul (partner, head of Real Estate Germany), outstanding expertise in terms of data centres - from investors and operators as well as from a customer view-point. The team is in close contact on matters of data protection and data security with Dr Stefan Krüger (partner IT/IP, Frankfurt) and in terms of co-location contracts with James Walsh (partner IT/IP, London).

Advisors to Art-Invest Real Estate:

King & Wood Mallesons LLP, Germany

Real Estate:

* Lars Reubekeul (leading  partner, Frankfurt and Munich), Dr Christina Konzelmann (associate, Frankfurt)

Tax:

* Rüdiger Knopf (partner, Frankfurt), Carolin Gottschling (counsel, Munich)

Banking & Finance:

*  Dr Hilger von Livonius (partner), Dr Wolfgang von Schönborn (partner, both Munich), Ulf Gosejacob (counsel, Frankfurt)