DLA Piper Advised KGAL On The Acquisition Of The "Streitfeld Lofts" Office Complex In Munich From BlackRock

DLA Piper advised KGAL on the acquisition of the "Streitfeld Lofts" office complex in Munich from BlackRock

DLA Piper has advised KGAL, a German investment and asset manager based in Munich, on the acquisition of the "Streitfeld Lofts" office complex located in the Berg am Laim district in eastern Munich. This acquisition was made for one of KGAL’s institutional real estate funds. The seller of the property is one of the BlackRock Real Asset Funds.

The property, completed in 2020, has been awarded the BREEAM sustainability rating of "Excellent" and includes a rental space of 8,400 square meters and 54 underground parking spaces. It is centrally located in the Munich Art District of Berg am Laim, surrounded by hotels, studios, museums, and other cultural institutions, making it a prime office space.

The KGAL Group focuses on the asset classes Real Estate, Sustainable Infrastructure, and Aviation, managing an investment volume of over EUR 15 billion.

The DLA Piper team was led by Fabian Mühlen (Partner, Real Estate, Frankfurt), with key support from Dr. Marie-Theres Rämer (Partner, Tax, Frankfurt), Florian Bruder (Partner, Restructuring, Munich/Frankfurt), Moritz Mursa (Counsel, Real Estate), Dr. Philipp Reclam (Senior Associate, Real Estate), Albina Daka (Senior Associate, Tax), and Dr. Leonard von Bargen (Associate, Real Estate, Cologne).

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