CONREN’s Acquisition of Air20 Office Property at Düsseldorf Airport

DLA Piper has advised CONREN Land on the deal.

CONREN Land announced 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 (Picture) 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.

Involved fees earner: Eda Altintas – DLA Piper; Lilian Gutkin – DLA Piper; Martin Haller – DLA Piper; Manuel Indlekofer – DLA Piper; Valerie Krappitz – DLA Piper; Philipp Lorberg – DLA Piper; Marie-Théres Rämer – DLA Piper;

Law Firms: DLA Piper;

Clients: CONREN Land AG;