GÖRG advised PIER Investment Partner, an investment and asset manager, on behalf of a German institutional investor, on the acquisition of a residential complex in Munich-Obergiesing. This transaction was carried out as part of an existing residential mandate. The investment volume amounts to over 25 million euros.

Located on Werinherstraße, the property comprises three modernised residential buildings containing a total of 62 residential units and six commercial units, as well as an underground car park. The property is a core asset, offering high quality, a prime location, and a stable occupancy rate. The acquisition will further structure and expand the investor’s portfolio, which encompasses various residential strategies.

PIER Investment Partner, based in Frankfurt, is a real estate investment and asset management platform specialising in institutional investors, with approximately €1.4 billion in assets under management.

GÖRG provided comprehensive legal support for the transactions with a team led by Frankfurt partner Dr Dennis Hog.

Advisors PIER Investment Partner 

GÖRG Partnerschaft von Rechtsanwälten mbB 
Dr Dennis Hog (Lead, Partner, Real Estate Law, Frankfurt am Main)
Niklas Fietz (Associated Partner, Public Commercial Law, Cologne)
Adrian Grüner (Associated Partner, Real Estate Law, Munich)
Dr Lukas Lehrhuber (Associated Partner, Tax, Munich) 
Barbara Frieser (Senior Associate, Real Estate Law, Munich)
Eileen Schlüschen (Associate, Tax, Munich)