DLA Piper advises PROJECT Immobilien on the sale of a new hotel building at Business Park Berlin to Premier Inn

DLA Piper advised PROJECT Immobilien Gewerbe AG on the sale of a new hotel building at Business Park Berlin to a subsidiary of Premier Inn Holding GmbH. The hotel with 296 rooms and 53 parking spaces directly at BER Airport and close to the Tesla plant in Grünheide is already under construction. The building is expected to be completed in the third quarter of 2022 with a total leasable area of 9,785 square meters.

The Business Park Berlin is the largest contiguous business park in Berlin, where numerous companies from the fields of technology and distribution, logistics services and manufacturing are already based.

PROJECT offers properties and alternative investment funds in two independent groups of companies. Headquartered in Nuremberg, PROJECT Immobilien Group focuses on the development, construction and marketing of residential and commercial real estate in selected metropolitan regions.

The DLA Piper core team was led by Partner Christian Lonquich and comprised of associates Julian Jung, Sascha Ryssok and Tobias Bergner (all Real Estate, Frankfurt). Also involved were partners Dr Marie-Theres Rämer (Tax) and senior associate Eda Altintas (Tax, both Frankfurt).