BayernLB's fund provider Real IS has acquired the 'me and all hotel' in Düsseldorf from 6B47 Germany for an undisclosed sum.
The 9,600 m2 property, which is operated by Lindner Hotel, was acquired for its Real IS BGV VII Europa real estate special alternative investment fund (AIF).
'Düsseldorf is one of Germany's top hotel locations and is attractive for both private and business travel,' commented Jochen Schenk, member of Real IS's management board. 'Through its immediate proximity to the Königsallee, Düsseldorf's most popular main shopping street, and good connections to the trade fair centre, the modern hotel property represents a high-quality investment for our BGV II fund.'
The hotel consists of a 13-storey fully refurbished building and a five-storey extension on the east side of the original building. In addition, the property has two lower floor levels and 28 parking spaces.
The asset represents the third real estate investment by the BGV VII Europa fund. This fund focuses on core and core plus properties in euro area countries, particularly Germany and France, as well as Benelux, Spain and Ireland.
Real IS was advised by the law firm GSK Rechtsanwälte SteuerberaterPartnerschaftsgesellschaft mbB, and 6B47 by the lawyers Rotthege Wasserman.
JLL's hotel specialists provided support during the transaction.
