Ashurst advised Warburg-HIH Invest Real Estate (Warburg-HIH Invest) on the sale of the office property "Ideen-botschaft" in Düsseldorf to Patrizia. Warburg-HIH Invest sold the building it had acquired in 2007 for its fund "Pan-Europa-Fonds Nr. 3".The parties have agreed not to disclose the selling price.

Ideenbotschaft, revitalised in 2008, is located on Roßstraße and has a gross lettable area of around 12,700 square meters plus 127 parking spaces and is fully let. The main tenant is the marketing agency Gray Düsseldorf GmbH.

The Ashurst team was led by partner Dr Liane Muschter, assisted by associate Sven Nickel and paralegal Anja Stötzel (all real estate). Partner Dr Martin Bünning and associate Carina Park advised on tax law (all Frankfurt).

Ashurst's longstanding client Warburg-HIH Invest is a real estate investment manager serving institutional investors and covering the entire spectrum of national and international real estate investments.