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CMS advises Invesco Real Estate on acquisition of Frankfurt office complex Die Welle

28/06/2019

Munich – Global real estate investment manager Invesco Real Estate (Invesco) has acquired the Frankfurt office complex Die Welle for a purchase price of EUR 620 million. The vendor is Axa Investment Managers Real Assets, which acted on behalf of its clients. Completion of the transaction is scheduled for the fourth quarter of this year. The property provides approximately 80,500 sq m of space.

A CMS team headed by lead partners Dr Oliver Thurn and Dr Stefan Höß advised Invesco and the acquiring companies on all legal aspects of the transaction, including tax issues. Invesco is a longstanding CMS client and relies on the firm’s expertise on a regular basis.

The Die Welle complex is located in Frankfurt city centre and mainly comprises office space, combined with units for restaurant, retail and leisure use. More than 50 tenants, including leading companies from 15 different industries, currently occupy the building.

Invesco Asset Management Deutschland GmbH, Invesco Asset Management Österreich (the Austrian branch of Invesco Asset Management Deutschland GmbH) and Invesco Asset Management (Schweiz) AG are part of Invesco Ltd., one of the world’s largest independent asset management companies with more than USD 1,159 billion in assets under management (as at 31 May 2019).

CMS Germany 

Dr Oliver Thurn, Lead Partner, Corporate/M&A
Dr Stefan Höß, Lead Partner, Real Estate & Public
Prof. Angelika Thies, Partner
Dr Andreas Gerten, Counsel
Finn Fechner, Legal Consultant, all Tax
Karen Eldred, Senior Associate
Rainer Krall, Associate, both Corporate/M&A
Katharina Haidas, Counsel
Dr Hubert Schmid, Associate
Dr Thomas Langer, Associate
Dominik Loos, Associate, all Real Estate & Public
Stefan Lehr, Partner, Competition & EU
Stefan Lüft, Partner, Intellectual Property
Annika Lindemann, Associate, Commercial

Press Contact
presse@cms-hs.com 

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