Global law firm Dentons has advised Palmira Capital Partners on the acquisition of a business park on Kaiserswerther Strasse in Ratingen near Dusseldorf, North Rhine-Westphalia, Germany. Palmira is acquiring the fully let business park for the Unternehmensimmobilienclub 2 (UIC 2) fund. The vendor is an individual fund managed by Rhenium Asset Management, which has held the property for the past 10 years. The parties agreed not to disclose the purchase price.
TheĀ of 27,500 mĀ² site includes a rental property, which has a floor space of around 18,700 mĀ² and is currently fully let to 16 tenants. The hall areas account for approximately 12,000 mĀ², with 6,700 mĀ²Ā of office and social space.
A Dentons team from Dusseldorf and Berlin, led by partnerĀ David Zafra Carollo,Ā advised Palmira on all the legal aspects of the acquisition. Dentons regularly assists the client in the acquisition of logistics and corporate real estate in the European market.
