Ashurst advised a fund of Warburg-HIH Invest Real Estate (Warburg-HIH Invest) on the sale of the Telekom building, the office complex located at Graf-Adolf-Platz 14/corner of Königsallee (Düsseldorf).
The buyer of the object constructed between 1975 and 1978 on a property of 5,000 sqm with seven upper floors and three lower floors is Hamburg-based Momeni Group. The office and technic premises comprise more than 30,000 sqm; the underground parking provides 175 parking spaces. The object is used entirely by Deutsche Telekom.
The Ashurst team was led by partner Dr Liane Muschter. She was assisted by senior associate Sven Nickel, associate Raphaela Schmidt and paralegal Isabella Strauß (all Real Estate). Advice on tax law was provided by partner Dr Anders Kraft (all Frankfurt).
