Aberdeen Asset Management’s acquisition of housing project “LEO – Urban Living” in Berlin

Ashurst advised Aberdeen Asset Management Deutschland AG on the purchase of housing project “LEO – Urban Living” in Berlin from Kondor Wessels Holding GmbH.

171 apartments with a total of 9,480 square meters of living space are to be built on the approximately 4,700 square meters of land in Berlin, Löwenberger Straße 1, 3, 5. In addition, two commercial units totalling 157 square meters and 40 underground parking spaces are planned.

Completion of the project is scheduled for spring 2020. Aberdeen takes over the flats for the real estate special fund Aberdeen German Urbanization Property Fund.

The Ashurst team was led by partners Dr Liane Muschter (picture) and Dr Hendrik Theismann. Associate Daniela Kowalsky and paralegals Abdulruhman Al Edel and Anja Stötzel (all real estate) assisted. Partner Dr Martin Bünning and associate Carina Park advised on tax aspects.

Involved fees earner: Liane Muschter – Ashurst; Hendrik Theismann – Ashurst; Daniela Kowalsky – Ashurst; Abdulruhman Al Edel – Ashurst; Anja Stötzel – Ashurst; Martin Bünning – Ashurst; Carina Park – Ashurst;

Law Firms: Ashurst;

Clients: Aberdeen Asset Management;