DLA Piper advises KGAL and Kiwoom on Deutsche Telekom hq's sale
The state-of-the-art property was renovated in 2017
DLA Piper advises KGAL and Kiwoom on Deutsche Telekom hq's sale The state-of-the-art property was renovated in 2017 DLA Piper has advised the South Korean asset manager Kiwoom Asset Management and KGAL GmbH & Co. KG on the sale of the global headquarters of Deutsche Telekom located in Bonn, Germany. Kiwoom acted as an asset manager for a group of South Korean...
DLA Piper advises KGAL and Kiwoom on Deutsche Telekom hq's sale
The state-of-the-art property was renovated in 2017
DLA Piper has advised the South Korean asset manager Kiwoom Asset Management and KGAL GmbH & Co. KG on the sale of the global headquarters of Deutsche Telekom located in Bonn, Germany.
Kiwoom acted as an asset manager for a group of South Korean institutional investors.
Built in 1997, the single-tenant property is fully leased to Deutsche Telekom on a long-term basis. In the bidding process, Art-Invest Real Estate prevailed as the buyer.
Most of the approximately 81,000 m² of the rental space of the property are for traditional office use. Additionally, it comprises 980 parking spaces. It is in a well-established location in Bonn's federal district in the direct vicinity of federal authorities, international institutions, universities and corporate headquarters.
Kiwoom is a subsidiary of Korea's number one securities brokerage firm (by trading volume) Kiwoom Securities. It is one of the major asset management companies with a total Asset Under Management of 49.9 trillion won (37.5 billion).
KGAL is a leading investment and asset manager based in Grünwald near Munich, with a managed investment volume of over 16.5 billion EUR. Its focus is on long-term real capital investment for institutional and private investors in real estate, sustainable infrastructure, and aviation.
The DLA Piper team was led by partners Dr. Florian Biesalski (Real Estate, Frankfurt) and Dr. Cornelius Frie (Corporate/M&A, Cologne).
Others advising on the transaction were partners Dr. Marie-Theres Rämer (Tax, Frankfurt), counsel Woojung Kim (Seoul), counsel Sonja Beier (Real Estate, Frankfurt), Timo Betjemann (Corporate, Cologne), Mélody Brunot (Corporate/M&A, Luxembourg), senior associates Alexander Lamers (Real Estate, Frankfurt), Alexander Kath (Corporate/M&A, Cologne), Kais Torchani (Finance, Frankfurt), Jordan Reinert (Corporate/M&A), Emre Akan (Tax, both Luxembourg), associates Dr. Julia Kolbe (Cologne), and Ashley Ntsangha (both Corporate/M&A, Luxembourg).