IFLR1000

Art-Invest Real Estate €244 million acquisition of SZ Tower

20/2/2018
Real estate acquisition
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€ 244 million

$ 301.239 million

Announced

20/2/2018

Overview:

  • Art-Invest Real Estate has reached an agreement to acquire SZ Tower for €244 million from AXA France and Norges Bank Real Estate Management.
  • The two sellers each owned 50% of SZ Tower, Munich's fifth tallest building. 

Ben Naylor - Regional editor

Jurisdictions:

France
Germany
Norway

Deal type:

Real estate acquisition

Practice area:

Real estate acquisitions

Governing law:

Germany

Industry sector:

Real estate

Firms:
Kirkland & Ellis

Party: Art-Invest Real Estate (Acquirer)

Noerr

Party: Art-Invest Real Estate (Acquirer)

Lawyer: Annette Pospich

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