HEUKING advises HIH Invest on the acquisition of a mixed-use property in Landau

HEUKING provided comprehensive legal and tax advice to HIH Invest Real Estate GmbH on the acquisition of a mixed-use property in Landau in der Pfalz. The seller of the property is Schroder Real Estate Kapitalverwaltungsgesellschaft mbH. The transaction was carried out on behalf of a real estate special fund managed by HIH Invest. The purchase price has not been disclosed.

The building, constructed in 1998 and extended in 2021, comprises a total lettable area of 3,979 m² and 180 outdoor parking spaces. The ground floor and outdoor parking spaces are let to Aldi Süd, whilst the two upper floors are let to Studierendenwerk Vorderpfalz (AöR), which operates a student hall of residence with 34 flats on the premises.

The transaction underscores HIH Invest's continued strategic focus on core-oriented mixed-use assets with stable, long-term income streams. The acquisition further highlights sustained market activity for high-quality real estate, even amid challenging macroeconomic conditions.

A team led by HEUKING partner Dr Sönke Görgens carried out the legal and tax due diligence on behalf of the purchaser and provided comprehensive support throughout the acquisition process. Technical and ESG due diligence was conducted by CASE Real Estate. On the sell side, BNP Paribas Real Estate advised on the sale process, with DLA Piper providing legal counsel.

Counsel to HIH Invest Real Estate GmbH
HEUKING:
Dr Sönke Görgens (Lead Partner),
Annalena Huhnholz (Real Estate & Construction), both Hamburg,
Bettina Neheider (Public Construction Law), Munich,
Simon Pommer, LL.M. (Tax Law), Hamburg