AXA Investment Managers Deutschland GmbH (AXA) acquired the "Twenty 8" office building in downtown Munich. A team led by Dr. Peter Zimmermann, partner at the Düsseldorf office of commercial law firm Heuking Kühn Lüer Wojtek, advised AXA on contract design, contract negotiations, and on the transaction. The property was previously part of Deka fund "Westinvest Interselect."
"Twenty 8" is centrally located in Munich's business district at Oberanger 28, has rental space of more than 4,500 square meters and 82 underground parking spaces. Principal tenant of the offices is financial services provider MLP. The building was constructed in 1966 and totally refurbished in 2001. The property's market value was estimated at some EUR 32 million at the end of 2014.
Counsel to AXA Investment Managers Deutschland GmbH
Heuking Kühn Lüer Wojtek:
Dr. Peter Zimmermann (Real Estate & Construction, Transaction Coordination, Lead),
Dr. Marc Scheunemann (Tax Law),
Martina Schaffer (Real Estate & Construction, Due Diligence),
Kathrin Fischer (Real Estate & Construction, Due Diligence), all Düsseldorf