DLA Piper advises Ofi Invest Real Estate on the acquisition of logistics property Central One near Dusseldorf
DLA Piper has advised Ofi Invest Real Estate on the acquisition of the logistics property Central One on behalf of one of its clients. The seller of the property is Oxenwood Real Estate. The parties have agreed not to disclose the sale price.
Completed in 2022, the property is located in Neuss, west of Dusseldorf's city border, and offers modern Grade A specifications. The property has approximately 12,000 m2 of lettable space and is awarded with a DGNB level Gold certificate. It is currently fully let on a long-term lease.
The investment is of strategic interest for Ofi Invest Real Estate, as Dusseldorf’s area is one of the most established logistics markets in Germany. The property benefits from an excellent connection to public transportation and from a dense motorway network.
Ofi Invest Real Estate is the real estate arm of Ofi Invest, the 5th largest asset management group* in France. It covers the full real estate management value chain: fund management, investment, property development, asset and property management. Ofi Invest Real Estate manages total assets of EUR 10.8 billion located in 6 European countries at end of June 2024.
The DLA Piper team was co-led by partner Fabian Mühlen and counsel Moritz Mursa (both Real Estate, Frankfurt).
In addition, partner Dr Marie-Theres Rämer as well as senior associates Albina Daka (both Tax, Frankfurt) and Muhammet Yavuz (Real Estate, Cologne) were involved.
*Source: financial reports published by the entities concerned as of 31/12/2023.
