Hengeler Mueller advises Axel Springer SE on sale of Berlin properties
17. July 2017
Axel Springer SE has successfully completed the sales process of its new Axel Springer building in Berlin which has been designed by Rem Koolhaas (Office OMA) and is currently under construction, as well as of the adjacent Axel-Springer-Passage for a total purchase price of EUR 755 m. Axel-Springer-Passage has been acquired by Blackstone Real Estate Partners Europe V and QUINCAP Investment Partners. Regarding the new Axel Springer building, a purchase agreement was concluded with a company owned by the Norwegian sovereign wealth fund Norges Bank Real Estate Management, which will automatically come into effect as soon as the construction of new building has been largely completed.
Hengeler Mueller has provided comprehensive legal advice on both transactions to Axel Springer SE. The Hengeler Mueller team includes partners Thomas Müller (M&A and Real Estate, Frankfurt), John Flüh (Real Estate, Berlin), Jan D. Bonhage (Public Law, Berlin) as well as associates Lars Voigt, Loretta Lang (both Frankfurt), Mandana Bahrampour (Berlin) (all M&A/Real Estate), Erasmus Hoffmann and Maren Klinsing (both Public Law, Berlin).