Domicil Real Estate acquires residential portfolio in Hanover assisted by Heuking Kuhn Luer Wojtek
May, 2018 - Duesseldorf, Germany
A team led by Dr. Peter Vocke advised Domicil Real Estate Group on the acquisition of nine building complexes with 210 residential units in Hanover in an asset deal. Quantum Immobilien Kapitalverwaltungsgesellschaft mbH is the seller of the BEECHWOOD portfolio north-east of Hanover city center.
The building stock, which was modernized between 2013 and 2016, dates from 1958 to 1961, has 99 underground parking spaces and 14 garage spaces and is fully leased out. The property has excellent transport links and great potential for value enhancement.
Counsel to Domicil Real Estate Group
Heuking Kuhn Luer Wojtek:
Dr. Peter Vocke (Lead, Real Estate and Finance),
Christoph Noehles, LL.M. (Real Estate and Finance),
Fabian Schmitz (Real Estate), all Duesseldorf
Fabian Gerstner, LL.M. (Public Law), Munich
Dr. Christoph F. Wetzler (Finance), Frankfurt
