Ashurst advises ABG Capital on acquisition of SKY Eschborn office complex

Ashurst advised investment manager ABG Capital on the acquisition and financing of the office property SKY Eschborn from Frankfurt-based project developer Cilon, on behalf of a club of institutional investors. The total investment volume is approximately €113m.

Located at Frankfurter Strasse 60-68 in Eschborn-South, the twelve-storey ultramodern building SKY features a rental area of approximately 19,800 sqm, including around 19,000 sqm of office space and around 600 sqm of restaurants. The property is fully let under long-term leases and home to several renowned, internationally active businesses with Hyundai Mobis as a main tenant. The property offers 325 outside and underground parking spaces, including 16 charging points for electric vehicles. Built in 1988, the property was extensively revitalised to new-build quality in 2021/22 and has been certified “very good” by BREEAM. Eschborn-South is one of the strongest real estate sub-markets in the Frankfurt metropolitan region and is distinguished by a highly dynamic development.

The Ashurst team was led by partnerDr Liane Muschter．She was assisted by senior associateChristopher Jeschoras well as associatesRaphaela Schmidtand Carolin Siebeck (allReal Estate). PartnerProf Dr Florian Drinhausen, counselAstrid Keinathand associateDr Konstantin Filbingeradvised oncorporatelaw. Advice ontaxlaw aspects was provided by partnerDr Anders Kraft, senior associateDr Susanne Knoch, associatesSteffen BellmannandAndreas Hofmannand at ourLuxembourgoffice by partnerGeorges Simonas well as associateAlexia André．合作伙伴Derk OpitzandFilip Kurkowski, senior associateDr Jan Ulrich Heinemannand associatePatrick Rauchadvised onfinancingaspects,antitrustadvice was provided by counselDr Maria Held．Onregulatoryaspects partnerDr Detmar Loff, senior associateIlka Breuerand associateCornelius Hillewere involved.