Noerr advises CONREN Land on real estate acquisition for special fund

Noerr has advised the investment company CONREN Land and HANSAINVEST, which acted as capital management services company, on the purchase of an office property in Nuremberg.

CONREN Land is a Frankfurt-based investment advisor and asset manager that focuses on office real estate. Its investors are institutional investors and family offices. HANSAINVEST develops and sells investment funds. HANSAINVEST also acts as a capital management services company for tangible assets and securities. In December 2020, the gross fund assets under management amounted to almost 47 billion euros in over 400 funds.

The property, which is part of the integrated urban development concept “Nuremberg Southeast”, which focuses in particular on the networking of different types of use, is being acquired for the special fund “CONREN Land Büro- und Geschäftshäuser D”. The special fund is managed by HANSAINVEST as a capital management services company.

This is the first time Noerr has acted for CONREN Land. Besides legal advice (including acquisition due diligence), the engagement also covered the tax and investment law support of the transaction.

Advisors to CONREN Land/HANSINVEST: Noerr Partnerschaftsgesellschaft mbB

Dr Tim Behrens, Dr Alexander Jänecke (both Real Estate, Frankfurt am Main), Dr Martin Haisch (Tax and Investment Law, Frankfurt am Main)

Associates: Luca Maria Toth (Real Estate, Frankfurt am Main), Ines Coenen (Public Law, Munich), Lukas Conrady (Tax Law, Munich)