DLA Piper has advised Schroder Real Estate on the acquisition of an office building in Berlin -Tiergarten for its recently launched open-ended real estate fund "Schroders Immobilienwerte Deutschland". Built in 2020, the ultra-modern office complex has a prime location in the city between the main railway station and Kurfürstendamm, directly bordering the “Tiergarten”, Europe's largest inner-city park.
"Schroders Immobilienwerte Deutschland" is one of the first new OEF-products on the German market following the outbreak of the COVID-19 pandemic. The investment strategy focuses on properties that can flexibly meet the current and future needs of tenants, as well as maintaining ESG standards to ensure the long-term relevance of the properties for tenants and to create sustainable returns and value for investors. The fund's strategy is focused on acquiring properties in German metropolitan regions that particularly benefit from megatrends such as ongoing urbanisation and demographic change.
Schroder Real Estate has many years of experience in the market and employs approximately 200 people across its offices in Frankfurt, Munich, Brussels, Hong Kong, London, Manchester, Jersey, New York, Paris, Luxembourg, Stockholm and Zurich. The team in Germany manages real estate funds and direct mandates with both diversified and focused portfolios.
The DLA Piper team was led by partner Fabian Mühlen (Real Estate) and included partners Dr Marie-Theres Rämer (Tax), Dr Torsten Pokropp (Finance), senior associate Dr Philipp Reclam (all Frankfurt) and associates Dr Leonard von Bargen (both Real Estate, Cologne) and Eda Altintas (Tax, Frankfurt).