Greenberg Traurig Advises on Sale of Office Building in Dusseldorf

BERLIN - Sept. 24, 2024 - Global law firm Greenberg Traurig advised on the sale of the office and commercial building at Kasernenstraße 6 in Düsseldorf's city centre. The real estate service provider and manager Midstad has acquired the property and will develop it after completion of the transaction.

The site, which covers an area of approximately 1,650 square meters, is located in the immediate vicinity of the "Carsch-Haus". The existing building, which dates from 1982, has a total floor area of more than 8,000 square meters and was part of the German real estate portfolio of the Signa Group, whose project company filed for insolvency in early 2024. Insolvency administrator Prof. Dr. Torsten Martini of the law firm GÖRG had initiated a structured sales process that Midstad was able to successfully complete.

Midstad is planning to develop an innovative utilization concept for the building in close consultation with the City of Dusseldorf. The aim is to sustainably revitalize the location and establish a modern mix of functions.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI "Highly Recommended Law Firm" for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA's Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.

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