OLSWANG advised Dream Global REIT on the 95.7m acquisition and funding of a commercial property, Millerntorplatz 1 in Hamburg St. Pauli. Seller of the property is the CS Euroreal fund of Credit Suisse. The closing of the transaction which has been structured as an asset deal shall take place end of January 2015.

The building has been constructed in 1997 and comprises a total of 35,000 sqm rental area of which 88% is leased. Anchor tenant is Deutsche Rentenversicherung, Knappschaft Bahn See.

Background: OLSWANG has advised Dream Global REIT (formerly Dundee International REIT) since their entry in the German market in 2011 on acquisitions and financing of real estate portfolios and single properties. In the last two years alone, OLSWANG has acted on the acquisition of over 20 commercial properties comprising a total value of almost 1 billion euros.