Latham & Watkins Advises Lugman Group on Acquisition of Fechenheim Industrial Park From Clariant

Latham & Watkins LLP has advised Lugman Group, a Frankfurt-based single-family office specializing in real estate and digital infrastructure, on the acquisition of the Fechenheim Industrial Park from the Swiss specialty chemical company Clariant. The transaction is one of the largest industrial site acquisitions in the Frankfurt area.

The property in the east of Frankfurt is approx. 43 hectares in size and comprises office, laboratory, production, storage, and open spaces. Together with the current tenants and the city of Frankfurt, the buyer intends to upgrade the site and combine innovative usage concepts with the existing industry. In future, new industrial and commercial enterprises as well as pioneering technology companies are to be established in the industrial park.

The Latham team was led by Frankfurt real estate counsel Sven Nickel, with Frankfurt infrastructure M&A partner Alexander Stefan Rieger.