Practice Areas - Real Estate Law Firms and Lawyers
| Deal Date: | 10-04-2014 | Practice Area: | Real Estate |
| Deal Title: | Investa Immobiliengruppe Sale of Dusseldorf Development Property | Industry: | Real Estate Investment & Services |
| Description: |
Clifford Chance has advised Investa Immobiliengruppe, Munich, on the sale of a new property in the centre of Dusseldorf to a current private placement of real estate company Dereco, Cologne.
A six-floor Holiday Inn Express Hotel is due to be built on the site, with completion expected by mid-2015. The hotel will be run by the Foremost Group, Berlin, which has a 20-year lease on the property. Foremost specialises in the development and management of branded hotels throughout Germany and Europe.
Investa develops new and existing properties in Germany. Since being established in 1972, it has realised properties with a total investment volume of more than four billion Euros.
The Clifford Chance team comprised partner Cornelia Thaler and counsel Dr. Kristina Jaeger (both Real Estate, Frankfurt).
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| Financial Center: | Frankfurt | Value: | 0.00-0.00 |
| Advised Party: | Seller | Law Firm | Clifford Chance |
| Real Estate Jurisdiction | Germany | Purchaser Jurisdiction | Germany |
| Classification: |
Real Estate Acquisitions and Disposals Hotels |
Lawyer | Cornelia Thaler |
