Paul Hastings advises Cara Real Estate on the acquisition of the commercial property Untermainkai 27-28, Frankfurt, Germany

Frankfurt — Paul Hastings advises Cara Real Estate on the acquisition of the historical commercial property Untermainkai 27-28 from Credit Europe Bank.

Frankfurt investor Cara Real Estate has acquired the historical commercial property Untermainkai 27-28 from the Dutch Credit Europe Bank as part of an asset deal.

The property comprises a 19th-century neo-Renaissance front building designed by architect Wilhelm Lönholdt and a modern rear building. Besides its extraordinary architecture, the property particularly stands out due to its exquisite location directly on the banks of the Main River. The property is a historical monument and has a rentable area of approx. 4,000 square meters.

The parties have agreed not to disclose the purchase price and other details of the agreement.

Paul Hastings advises Cara Real Estate with the following team:

Paul Hastings, Frankfurt: Dr. Jan Gernoth (Lead Partner, Real Estate, Partner), WP/StB Uwe Halbig (German Public Auditor/Tax Advisor), Hannes Riedel, Marc L. Soltau (both Real Estate, Associate).

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