Ashurst advises HIH Invest on the acquisition of the “Deiker Höfe” new-build quarter in Düsseldorf
Ashurst has advised HIH Invest on the acquisition of the “Deiker Höfe” new-build quarter in Düsseldorf as part of a club deal.
The project comprises approximately 49,000 sqm of lettable area and a diversified mix of uses with a strong focus on residential. It includes 353 apartments (of which 153 are subsidised and subject to price restrictions) as well as around 21,700 sqm of commercial space for office, hotel, local retail and service uses. A total of 618 parking spaces are planned. Completion will take place in phases through to the end of Q2 2026.
The quarter was developed by Patrick Schwarz-Schütte (Black Horse Properties), who will remain involved in the investment as a co-investor. A significant portion of the commercial space has already been let on a long-term basis; named tenants include, among others, Crowe BPG, Capgemini Deutschland GmbH, WELEDA headquarters, Essential by Dorint and ALDI Süd.
“Deiker Höfe” is being developed in the Stockum district of Düsseldorf, in close proximity to the trade fair grounds and the airport, with strong transport links to the city centre and the Rhine-Ruhr region.
Ashurst advised under the lead of partner Dr Liane Muschter. She was supported by Jan Krekeler (Partner, Corporate), Detmar Loff (Partner, Finance Regulatory), Matthias Rüdt von Collenberg (Partner, Real Estate), Roman Brtka (Partner, Dispute Resolution), counsel Christopher Jeschor (Real Estate) and Volker Germann (Corporate), associates Jan Spiesmacher (Corporate) and Achim Weimer (Real Estate), transaction counsel Sandra Schmidt (Corporate) and transaction lawyer Ibrahim Ünal (Real Estate). Tax matters were covered by Tino Duttiné (Partner), Miriam Staatz (Counsel) and Robin Meier (Associate).
