Global law firm Norton Rose Fulbright has advised R+V Versicherung, one of Germany's largest insurers, on the acquisition of the former "Marktpassage" in the city centre of Bielefeld. The building has 12,085 m² of leasable space and 154 parking spaces.

Norton Rose Fulbright advised on the full legal due diligence process and has in addition negotiated the purchase agreement. The team also advised on tax law, corporate law and supervisory law.

Thomas Hopf, head of Frankfurt, commented:

"We are very pleased that we were able to support R+V in this transaction, and adds that "the extremely professional R+V team makes it possible for such transactions to be completed quickly and efficiently."

Norton Rose Fulbright’s team was led by Frankfurt-based partner Thomas Hopf and included senior associate Dr. Gabriele Bruchmann, associate Dr. Madeleine Arens, of counsel Dr. Felix Dinger in Hamburg and Sabine Meinert in Munich as well as Hamburg-based senior associate Tobias Block (all real estate law). Partner Tino Duttiné and associate Sarah Slavik-Schulz advised on tax law, supervisory law advice was provided by partner Martin Krause and associate Dr. Ralf Koschmieder. Partner Nils Rahlf, associate Klaus von Döhren and Amsterdam-based partner Heimon Smits provided corporate law advice for the transaction.