Overview
Düsseldorf, 1 April 2025 – McDermott Will & Emery has advised Union Investment Real Estate on the sale of a large residential property in Düsseldorf, Germany. The buyer is LUWIN Real Estate, that acquired the property for an institutional portfolio investor.
Built in 2011 in the Ludenberg district of Düsseldorf, the property comprises around 8,300 square meters spread over 84 residential units. It has been part of the portfolio of the institutional investment fund Union Institutional German Real Estate since 2015, and has undergone extensive energy optimization by Union Investment.
Union Investment Real Estate is one of the largest providers of real estate solutions for private and institutional investors in Europe with approx. €55 billion of assets under management. The company invests in the office, retail, hospitality, logistics and residential sectors and holds around 500 properties in 25 countries worldwide in its portfolio.
The McDermott team was led by partners Jens Ortmanns and Philipp-Gerald Hammes and comprised partner Frank Müller and associate Alina Affeld.
