Hengeler Mueller advises DIC Asset on acquisition of real estate portfolio from FAY Group
29. August 2006
DIC Asset AG, a listed real estate investor based in Frankfurt, has acquired the entire real estate portfolio of FAY Group, comprising 55 properties with a total rentable area of 292,000 sqm. Total investment volume amounted to some Euro 585 million.
Moreover, DIC Asset AG has acquired a 74.9% stake in FAY Property Management GmbH, which provides real estate, asset and facility management services.
Hengeler Mueller advised DIC Asset AG. Advice was provided by the partners Karsten Schmidt-Hern, Georg Frowein, Thomas Müller (all M&A/Real Estate) and Counsel Peter Dampf (Financing) as well as associates Tom-Eric Möller, Tobias Bage, Philipp von Bismarck, Friederike Funk and Jürgen Nosky.