Luther supports LaSalle with its acquisition of the commercial property "Kleiner Galluspark" in Frankfurt am Main
Law Firm Luther advised LaSalle Investment Management Kapitalanlagegesellschaft mbH regarding its acquisition of the commercial property "Kleiner Galluspark" in Frankfurt from AXA Investment Managers Deutschland GmbH. The real estate legal team, headed by Katharina von Hermanni, has supported LaSalle multiple times in the past.
Encore+, a pan-European open Core+ real estate fund, is acquiring the property. Encore+ is managed by Aviva Investors as the fund manager and LaSalle Investment Management as the transactions and assets manager. The seven-storey office building, which is almost fully let, and has a total rental area of approx. 18,700 m², is located in the up-and-coming district of Gallus, which forms the western section of the urban centre of Frankfurt. With this acquisition, LaSalle is becoming part of the dynamic developments in the Frankfurt market.
LaSalle Investment Management is an operatively independent subsidiary of JLL (NYSE: JLL), one of the largest real estate companies in the world, and as one of the leading real estate investment managers in the world, it offers the entire spectrum of real-estate-specific investment types.
Its customers include public and private pension funds, insurance companies, public authorities and foundations across the world. They range from individual clients, to open and closed funds, to listed real estate equity firms.
Tax Law Consulting:
WTS Steuerberatungsgesellschaft mbH: Eric Bongers (Munich)
Walch Rittberg Nagel Rechtsanwälte Partnerschaft mbB: Dirk Große Klußmann (Hamburg)