Noerr advises HTB Group on sale of fund property
Noerr has advised HTB Hanseatische Fondshaus GmbH as the investment management company of the closed-end alternative public fund “HTB Strategische Handelsimmobilie Plus Nr. 4 geschlossene Investment GmbH & Co. KG” on the sale of the fund property “Alte Spinnerei”. The buyer of the property, a health and service centre, is the Hamburg-based investment and asset manager Captiva.
The “Alte Spinnerei” has rental space of around 14,200 m2 and is centrally located in the university town of Bayreuth in northern Bavaria. The 19th century property was completely refurbished in 2007.
A Noerr team led by Christoph Hons and Alexander Jänecke acted for HTB. Based in Bremen, HTB Group is a company specialising in real estate investments, asset management and investment management services and a market leader for secondary market funds.
Advisors to HTB Group: Noerr
Dr Christoph Hons, Dr Alexander Jänecke (joint lead, both Real Estate, Frankfurt), Dr Elmar Bindl (Investment and Tax Law, Munich)
Associates: Dr Sebastian Leidel (Investment and Tax Law, Munich), Evelin Moini (Real Estate, Frankfurt)
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