CMS Hasche Sigle advises Invesco on acquisition of Westside Tower development project

Munich – Invesco Real Estate (IRE) has acquired the Westside Tower development project in Frankfurt/Main from Revitalis Real Estate AG. The 21-storey tower block comprising some 250 rental apartments and a total area of around 26,000 sq m is under construction on Europa-Allee in Frankfurt's Europa district, one of the largest inner-city building projects in Germany. Completion is expected by mid-2015. The purchase price was not disclosed.

A team led by Dr Oliver Thurn advised IRE on all legal aspects of the transaction.

IRE is part of Invesco Ltd., a world-leading independent investment company with assets under management of USD 729.3 billion. The company has more than 600 investment experts and an operational network covering more than 20 countries. Revitalis Real Estate AG is an international owner-managed real estate firm with headquarters in Hamburg and in the Swiss town of Zug. It specialises in the redevelopment and revitalisation of ambitious high-volume real estate projects in the residential segment in Germany and Switzerland.

CMS Hasche Sigle

Dr Oliver Thurn, Corporate, Lead Partner
Dr Stefan Höß, Real Estate & Public
Dr Simon Sabel, Corporate
Katharina Haidas, Real Estate & Public
Dr Thomas Langer, Real Estate & Public
Dr Hubert Schmid, Real Estate & Public

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