Bottermann Khorrami LLP advises international private investors on EUR-14- million-deal at Bremen Airport (Germany)

Jun 14, 2016
  • Two value add properties acquired in a joint venture structure
  • Equity from private investors from UK, Ireland and Germany
  • transaction completed as a share deal

Berlin 13 June 2016 – Again, berlin-based law firm Bottermann Khorrami LLP (BK Law) has advised several private investors on a real estate investment. These investors have acquired two office buildings at Bremen airport via a joint venture structure. The investment volume amounts to EUR 14 m. The City of Bremen is one of the federal states of Germany and has more than 550,000 inhabitants.

“We are very pleased to advise these investors on the corporate and commercial legal structure. The investors are based in Ireland, the United Kingdom and Germany”, comments Dr. Esfandiar Khorrami, lawyer and founding partner. The transaction was processed as a share deal. “Advising real estate investors from abroad is one of our core competencies,” Khorrami adds.

The offices are rented out to tourism group TUI, the Police of Bremen and the engineering and HR service provider Brunel and others. The objects are assigned to risk class value-add, the occupation rate is about 83 percent. The role of the investment manager was taken by British-German asset manager Hannover Steel Real Estate Advisors.

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