Noerr advises Art-Invest Real Estate on purchase of SZ Tower

Noerr has advised Art-Invest Real Estate on a significant transaction on the Munich real estate market. By purchasing the SZ Tower, Art-Invest is acquiring one of the few landmark buildings in the Bavarian state capital. The property is being sold by an investor consortium made up of AXA Real Estate Managers and Norges Bank Real Estate.

The 103-meter-high SZ Tower has more than 62,200 square meters of rental space on 28 floors, which are being let long-term to the publishing house Süddeutscher Verlag. Structured as a share deal, the acquisition was out carried for a closed special investment fund, which Art-Invest set up for several institutional German investors.

Noerr advised Art-Invest Real Estate, one of the leading real estate and project development companies, with a team of its Real Estate Investment Group (REIG) headed by Annette Pospich and René Dubois. Teams led by Annette Pospich had already advised Art-Invest Real Estate on a transaction on the Dortmund real estate market and on the purchase of the well-known “Wolkenbügel” property in Düsseldorf’s Media Harbour. With its Real Estate Investment Group (REIG) headed by Alexander Goepfert and Annette Pospich, Noerr offers a unique spectrum of services in the real estate sector. The practice group consists of more than 60 experts from all disciplines relevant for the real estate industry and has with its interdisciplinary approach continuously increased its market share in recent years.

Advisors to Art-Invest Real Estate: Noerr LLP

Annette Pospich (REIG/Real Estate, Munich), René Dubois (REIG/Corporate, Düsseldorf; joint team lead), Dr Peter Bachmann (REIG/Regulatory & Governmental Affairs, Munich); Associates: Stephanie Meyer (REIG/Real Estate, Düsseldorf), Birgit Gansel (REIG/Real Estate, Munich)