Noerr advises Patron Capital and Sonar Real Estate on acquisition of Prisma building in Frankfurt

A Noerr team led by our Munich-based partner Carsten Heinz advised Patron Capital Advisers and Sonar Real Estate on the tax aspects of acquiring the Prisma office building in Frankfurt.

An investment fund advised by Patron Capital Advisers and Sonar Real Estate purchased Prisma, located at Hahnstrasse 55, Frankfurt, as a joint venture.

The office building, constructed in 2001, has 42,450 square metres of rental space and is to be modernised from a sustainability perspective.

The UK-based Patron Capital Partners LLP was founded in 1999 and has become one of Europe’s leading real estate managers. Patron manages €4.3bn in assets, divided between several investment funds and co-investment pools.

Carsten Heinz provides Patron with tax advice on all investments in Germany. For example, a Noerr team recently advised Patron on the acquisition of commercial property in Ludwigsburg with regard to German tax law.

As with the purchase of the property in Ludwigsburg, the tax-law advice in this case covered the tax due diligence, the acquisition structure, the actual purchase contract negotiations and the tax advice in connection with the issuance of bond.

Sonar Real Estate GmbH is an owner-managed real estate company founded in October 2020 for investment and asset management as well as project development, headquartered in Hamburg.

Advisors to Patron Capital and the joint venture between Patron Capital and Sonar Real Estate: Noerr Partnerschaftsgesellschaft mbB

Team lead: Carsten Heinz (partner, Tax, Munich)

Tax
Michaela Engel (partner), Elisabeth Dworschak (associated partner), Steffen Arlich (senior associate), Domen Močnik (tax assistant, Munich)