Noerr advises GEG on purchase of Frankfurt’s Japan Center

Noerr has advised GEG German Estate Group AG on a major transaction in the Frankfurt real estate market. GEG, one of the leading German investment and asset management platforms for commercial properties, is acquiring the well-known Japan Center in Frankfurt’s financial district. The seller of the property is Commerz Real. Closing is expected to take place early next year. The total investment volume comes to €280m.

With its Far East-flavoured architecture, the 115-metre-high Japan Center is one of the landmark buildings shaping the Frankfurt skyline. The high-rise building has 29,000 square metres of rentable space and 115 underground parking spaces. The 28-storey tower was built in 1996 according to the plans of Berlin architect Joachim Ganz. It has been extensively modernised over the past few months. Its sole and long-term tenant is the European Central Bank (ECB).

The Noerr team led by Alexander Goepfert and Christoph Brenzinger comprehensively advised GEG in this transaction. With its Real Estate Investment Group (REIG) Noerr offers its clients a unique range of legal services. The practice group is made up of more than 60 experts from all disciplines with relevance for the real estate industry and has continually increased its market share in recent years due to its interdisciplinary approach.

Advisors to GEG German Estate Group AG: Noerr LLP

Professor Alexander Goepfert (Frankfurt/Düsseldorf), Christoph Brenzinger (Düsseldorf, joint lead, both REIG/Real Estate), Dr Martin Haisch (Investment Law/Investment Tax Law), Andreas Naujoks (REIG/Financing, both Frankfurt), Dr Tim Uschkereit (REIG/Public Law, Munich)

Associates: Sarah Blazek (Antitrust, Munich), Stephanie Meyer, Alexander Mühleisen (both REIG/Real Estate, Düsseldorf), Peter Scheuch (Dresden), Michael Tommaso (Berlin, both Tax)