Düsseldorf, August 24, 2022 – McDermott Will & Emery has advised SIGNA Real Estate on the sale of a 25% stake in the high-rise development “Elbtower” in Hamburg’s HafenCity to CommerzReal’s open-end real estate fund “hausInvest”.
Construction of the mixed-use high-rise at Elbbrücken, designed by David Chipperfield Architects, is scheduled to start in 2023, with completion expected by the end of 2025. Even before the official start of construction and three years before completion, the pre-lease rate for office spaces already exceeds 30%, and international lifestyle brand Nobu Hospitality has already been confirmed as the hotel operator. Excavation of the site is currently in progress.
Advisor SIGNA: McDermott Will & Emery (Lead Counsel): Dr. Jens Ortmanns (Partner, Real Estate, Düsseldorf), Sebastian von Lossow (Lead Partner, Corporate, Düsseldorf), Dr. Oliver Lieth (Partner, Real Estate Finance, Düsseldorf), Christian Krohs (Partner, Antitrust, Düsseldorf), Dr. Jessica Hanke (Partner, Real Estate, Düsseldorf), Frank Müller (Partner, Investment Law, Frankfurt am Main), Carina Kant (Counsel, Antitrust, Düsseldorf), Sebastian Klein (Associate, Corporate, Düsseldorf), Thomas Claeßens (Associate, Real Estate, Cologne), Markus Hunkenschröder (Associate, Real Estate Finance, Düsseldorf)
SIGNA Inhouse: Georg Reuter (Head of Legal) and Dr. Niels Lüking (Head of Tax and Financial Advisory Germany)
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices, industries and more than 20 locations to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
MARC DONFRANCESCO+44 20 7577 3432