Heuking Advises Union Investment on Matters of Tax Law Relating to the Acquisition of Hanse Trio in Rostock
January, 2022 - Germany
With a team led by Dr. Henrik Lay, Heuking Kühn Lüer Wojtek advised Union Investment on matters of tax law relating to its acquisition of the Hanse Trio building complex in Rostock’s “Am neuen Werftdreieck” district from project developer LIST Develop Commercial. The acquisition with a purchase price in the mid double-digit million euro range was made on behalf of open-ended mutual property fund immofonds 1, which is exclusively distributed in Austria.
The ensemble was built in 2020 and 2021 and comprises a total rental area of some 14,000 square meters. It includes two hotels operated by B&B Hotels GmbH and GS Star GmbH, as well as an office building. In addition to tax advice from Heuking Kühn Lüer Wojtek, a team from Hogan Lovells led by Hamburg-based Partner Dirk Debald legally advised on the transaction.
Union Investment has stood for forward-looking real estate investment worldwide for more than 50 years. With assets under management in open-ended mutual real estate funds, special funds, and as part of service and bundling orders of some EUR 50 billion, Union Investment is one of Europe’s leading real estate investment managers. Lay had already advised Union Investment on matters of tax law relating to the acquisition of office building Cäcilium in Cologne in mid-December 2021.
Counsel to Union Investment
Heuking Kühn Lüer Wojtek:
Dr. Henrik Lay (Tax, Lead), Hamburg
Peter M. Schäffler (Tax), Munich
