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Greenberg Traurig advises Tristan on the acquisition of Parseval Square in Düsseldorf

Berlin, September 10, 2018 – Greenberg Traurig advised Curzon Capital Partners 5 Long-Life Fund (CCP 5 LL), which is managed by Tristan Capital Partners (Tristan), on the acquisition of Parseval Square in Düsseldorf North, Germany. It is the second acquisition of Tristan in Germany for the CCP 5 LL fund. The seller is London-based Floreat Group. The parties agreed to keep the purchase price confidential.

The recently refurbished six-story building complex with underground and outdoor parking is located in the vicinity of Düsseldorf airport. The property comprises approximately 26,700 square meters of office space, approximately 6,000 square meters of storage space, and a canteen of about 1,300 square meters. More than 70 percent of the office space is currently let. The diverse tenant base includes Datagroup, Bonava Deutschland GmbH and Rheinischer Sparkassenverband.

Background: Greenberg Traurig's team has been advising Tristan on transactions on a regular basis for several years. Most recently, Greenberg Traurig has advised Tristan, inter alia, on the sale of a logistics portfolio located in Germany and Austria.

About Greenberg Traurig: Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East. GT has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and is among the Top 20 on the 2017 Am Law Global 100. Web: Twitter: @GT_Law.