Norton Rose Fulbright advises IMAXXAM on acquisition of the “Lighttower” in Frankfurt from Deka Immobilien

Global law firm Norton Rose Fulbright has advised IMAXXAM on the acquisition of the office tower "Lighttower" in Frankfurt's Ostend district from Deka Immobilien for the real estate fund "German Small Asset Invest" (GSAI). The transaction was structured as an asset deal. The parties have agreed not to disclose the purchase price.

The "Lighttower," with 20 floors and a height of approximately 75 meters, is one of the more prominent office buildings in Frankfurt's Ostend district. Originally built in 1966, it underwent a complete refurbishment and vertical extension in 2005. The property is nearly fully leased and features a tenant base with strong credit ratings. IMAXXAM will take on the role of portfolio and asset manager.

Norton Rose Fulbright provided IMAXXAM with comprehensive legal and tax advice throughout the transaction. The mandate was led by Frankfurt-based Counsel Dr. Riccardo Marinello (Real Estate, Frankfurt) and Munich-based Partner Dr. Maren Stölting (Real Estate, Munich).

Other core team members included Anne-Sophie Wilhelmy (real estate, Frankfurt) and Valentina Navetta (real estate, Munich). The team also included Partner Dr. Simon Weppner (tax law, Düsseldorf), Prof. Dr. Claus Pegatzky (public law, Frankfurt), Counsel Dr. Ralf Koschmieder (tax and investment law, Frankfurt), and Senior Associate Sarah Heufelder (tax law, Munich).