Home Legal Advice Dentons advises PATRIZIA on the acquisition of the Sparda Bank West constructing...

Dentons advises PATRIZIA on the acquisition of the Sparda Bank West constructing in Munster


Dentons has suggested actual property funding firm PATRIZIA on the acquisition of a high-value workplace constructing in Münster, Germany. The vendor and long-term tenant is Sparda-Bank West eG, which has occupied the constructing since 1999.

The architecturally distinctive constructing within the northern middle of Münster includes 5,700 sq.m. of area on 4 flooring, that are used completely by Sparda-Bank West as a department of the financial institution. A big residential park with greater than 500 residential items is being created within the quick neighborhood of the constructing, additional enhancing the attractiveness of the placement.

A globally lively firm, headquartered in Germany, PATRIZIA has been providing investments in actual property and infrastructure for institutional, semi-professional and personal traders for 36 years. The firm presently has greater than €45 billion property under administration and is lively in 24 places worldwide.

A Dentons group from Düsseldorf and Berlin led by Dr. Dominik Thomer and David Zafra Carollo suggested PATRIZIA on the transaction.


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