DLA Piper advises Tilad on the sale of a Munich DIY store

DLA Piper has advised Tilad, a Dubai-based multi-family office, on the sale of a Hornbach DIY store in Munich-Freiham.

The property is located on a 33,000 square metre site and has a commercial lettable area of approximately 28,600 square metres and around 770 parking spaces. The property is excellently positioned in the west of Munich and has long-term leases with strong credit ratings.

The DLA Piper team was led by partner Fabian Mühlen (Real Estate) and also included partner Dr Marie-Theres Rämer (Tax, both Frankfurt), senior associates Moritz Mursa (Real Estate, Cologne) and Philipp Lorberg (Tax, Frankfurt) as well as associate Leonard van Bargen (Real Estate, Cologne).