Global law firm Dentons advised IREIT Global on the acquisition of several office buildings, let by long-term agreements to subsidiaries of Deutsche Telekom AG.
These included: The headquaters of Deutsche Telekom AG in Bonn, the headquaters of T-Mobile in Darmstadt and two connected office complexes in Münster, predominantly used by T-Online. The seller was an investor from Israel. The purchase price amounted to approximately €224.5 million.
The financing of the transaction was managed through DekaBank Deutsche Girozentrale. IREIT is a real estate investment trust located in Singapore. The purchase of the portfolio was effected immediately after the stock market listing on August 13, 2014.