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Press Releases 13 Jun 2018

LPA Munich advises Aberdeen Standard on the sale of an iconic office building in Hamburg

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Press Release, 13 June 2018

Munich, 13 June 2018 – LPA Munich has advised Aberdeen Standard, a British insurance group on the sale of the office building “Deichtor Center” in Hamburg, Germany. The transaction was contucted by way of a share deal. The purchase price was approx. EUR 100,000,000.

The property was built in 2002 and covers a lettable space of approx. ​​19,000 square meters. It is unique in the Hamburg office real estate market due to its iconic design and architecture.

Seller is a fund managed by Aberdeen Standard Investments. Aberdeen Standard was formed through the merger of Aberdeen Asset Management PLC and Standard Life plc in August 2017.

Puchaser of the building is Westbrook Partners, a real estate investment company focusing on the management of commercial real estate.

 

Advisors (Aberdeen Standard): 

LPA (Munich): Dr. Fabian Tross (Partner, Lead Advisor, Real Estate), Oliver Kirfel LL.M (Partner, Lead Advisor, M&A) Andreas Feuerstein (Partner, Finance), Dr. Bernd Spieth (Partner, Tax), Marcel Graf (Senior Associate, M&A, Real Estate), Victoria Zilliken (Senior Associate) und Loreen Werner (Associate), both Real Estate

Advisors (Westbrook Partners):

Hogan Lovells (Munich): Martin Günther (Partner, Lead Advisor, Real Estate), Dr. Volker Geyrhalter (Partner, Lead Advisor, M&A), Andreas Thun (both Company Law), Dr. Christian Herweg (Partner, Finance), Dr. Falk Loose (Accounting and Tax); Associates: Sabrina Greubel, Matthias Garhammer, Thomas Böhm (all Real Estate), Dr. Thomas Ressmann, Katharina Fürtjes (both Finance)

 

LPA Rechtsanwälte Steuerberater
Dr. Fabian Tross
Bruderstrasse 5a
80538 Munich
Germany
phone: +49 89 242072540
e-mail: ftross@lpalaw.de