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

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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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