DLA Piper advises the Hahn Group on the sale of the retail park Life in Munich
DLA Piper has advised the HAHN FCP-FIS German Retail Fund, managed by the Hahn Group, on the sale of the retail park "Life" in Munich. The LBBW Immobilien Group has acquired the retail park for its managed real estate special AIF "LBBW Nahversorgungsimmobilien Deutschland".
The property in the Neuperlach district was built with an underground parking level and two retail levels. It comprises around 8,000 M2 of rental space and 200 parking spaces and benefits from very good public transport connections and a fast road link to the Mittlerer Ring via the A8 motorway. The rental share of the local suppliers in "Life" is over 80 percent. The tenancy rate is 90 percent, and there are already well-known prospective tenants for the available space. The overall portfolio of the real estate special AIF "LBBW Nahversorgungsimmobilien Deutschland" consists of three properties so far.
The DLA Piper team was led by partner Fabian Mühlen (Real Estate) and included partner Dr Marie-Theres Rämer (Tax), senior associate Moritz Mursa (all Frankfurt) and associate Dr Leonard von Bargen (Cologne, both Real Estate).
