20.12.2019

Luther advises N A S Invest on the acquisition of high-rise tower development project 99 West in Frankfurt

Press Release

Luther Luxembourg advised N A S Invest on the Luxembourg corporate and finance aspects of its acquisition of the landmark 27 floor high rise-tower development project 99 West in Frankfurt from BNP Paribas Real Estate Property Development. The anticipated total investment value amounts to EUR 265m.

Background

Luxembourg - Luther Luxembourg advised N A S  Invest on the Luxembourg corporate and finance aspects of its acquisition of the landmark 27 floor high rise-tower development project 99 West in Frankfurt from BNP Paribas Real Estate Property Development. The anticipated total investment value amounts to EUR 265m.

The 106m high and 27 floor office building tower is expected to be completed by 2021 and is part of the Kulturkampus urban area development project around the Senckenberg area. The project is set to meet the great demand for high-quality office space in Frankfurt. The lower 13 floors have already been pre-let as banking group BNP Paribas will establish its new German headquarters at 99 West.

About N A S Invest Group

As an investor and asset manager with long-term experience, N A S Invest structures and manages real estate investments for its own account as well as for co-investing institutional and private investors. To this end, the company, which maintains branch offices in Berlin, Frankfurt, Luxembourg and Zurich, concentrates on commercial and residential real estate in German metro regions and major cities with positive economic and demographic fundamentals.

For N A S Invest:

Luther Luxembourg: Selim Souissi (Partner), Bob Scharfe (Partner), Anastasiya Chuiko (Associate), Sinan Ulker (Associate) and Jeremy Da Silva Reis (Associate)

Author
Bob Scharfe

Bob Scharfe
Partner
Luxembourg
bob.scharfe@luther-lawfirm.com
+352 27484 1

Selim Souissi

Selim Souissi
Partner
Luxembourg
selim.souissi@luther-lawfirm.com
+352 27484 1

Sinan Ulker

Sinan Ulker
Senior Associate
Luxembourg
sinan.ulker@luther-lawfirm.com
+352 27484 1

Jeremy Da Silva Reis

Jeremy Da Silva Reis
Managing Associate
Luxembourg
jeremy.da.silva.reis@luther-lawfirm.com
+352 27484 1