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13 December 20212 minute read

DLA Piper advises CONREN on acquisition of Air20 office property at Düsseldorf Airport

DLA Piper has advised real estate investor CONREN Land on the acquisition of the Düsseldorf office property Air20 at Düsseldorf Airport. The acquisition was made as part of an asset deal from an institutional investor. The parties have agreed not to disclose the purchase price.

The modern multi-tenant building with six floors was built in 2007 and is characterized by a flexible floor plan with a radiology practice as an anchor tenant. The building is conveniently located close to local and long-distance transport via the adjacent airport, the A44 motorway and railway stations.

DLA Piper advised CONREN under the joint leadership of partner Dr Martin Haller and counsel Dr Manuel Indlekofer. The team further comprised associates Dr. Lilian Gutkin and Valerie Krappitz (all Real Estate, Munich). Partner Dr Marie-Theres Rämer and senior associates Eda Altintas and Philipp Lorberg (all based in Frankfurt) advised on the tax aspects of the transaction.