A joint project company of ON Real Estate and TPH Real Estate sold a project development at Wattenscheider Straße 13 in Düsseldorf. A team led by Düsseldorf-based partner Dr. Peter Vocke advised the company on the share deal. The buyers are two family offices from Frankfurt and Hamburg.
The building with 56 micro-apartments in Düsseldorf will be completed in the course of 2019. Due to the good connection to public transport, it takes about three minutes to reach the university and about nine minutes to Düsseldorf city center. The living quarters are therefore attractive both for students and other prospective tenants.
Counsel to project company
Heuking Kühn Lüer Wojtek:
Dr. Peter Vocke (Lead, Real Estate)
Christoph Nöhles, LL.M. (Real Estate & Construction), Düsseldorf
Dr. Christoph F. Wetzler (Corporate, M&A), Frankfurt