Greenberg Traurig advised HanseMerkur Grundvermögen AG on the acquisition of the "Campus am Kunstpalast" in Düsseldorf, Germany. The seller is a joint venture of J.P. Morgan Asset Management and Indigo Invest. HanseMerkur Grundvermögen AG bundles all real estate activities of the HanseMerkur Insurance Group and acquired the property company by way of a share deal. The parties have agreed not to disclose the purchase price.
The state of North Rhine-Westphalia will be the tenant of the approximately 21,000 m² office building, which was built in 2001, for at least 15 years. The "Campus am Kunstpalast" is currently being modernized for the move-in of the North Rhine-Westphalian Ministry for the Environment, Agriculture, Nature Conservation, and Consumer Protection.
Greenberg Traurig advised HanseMerkur Grundvermögen on all legal aspects in the areas of real estate,, investment, public, antitrust, and tax law.
Greenberg Traurig has already advised HanseMerkur Grundvermögen on several transactions, most recently on the acquisition of the BHF-Bank skyscraper in Frankfurt am Main, Germany.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: www.gtlaw.com
The state of North Rhine-Westphalia will be the tenant of the approximately 21,000 m² office building, which was built in 2001, for at least 15 years. The "Campus am Kunstpalast" is currently being modernized for the move-in of the North Rhine-Westphalian Ministry for the Environment, Agriculture, Nature Conservation, and Consumer Protection.
Greenberg Traurig advised HanseMerkur Grundvermögen on all legal aspects in the areas of real estate,, investment, public, antitrust, and tax law.
Greenberg Traurig has already advised HanseMerkur Grundvermögen on several transactions, most recently on the acquisition of the BHF-Bank skyscraper in Frankfurt am Main, Germany.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: www.gtlaw.com