GSK Stockmann provided comprehensive legal advise to the asset and property manager GPEP GmbH and HANSAINVEST Hanseatische Investment-GmbH on the acquisition of the SUPERFOOD portfolio for institutional investors. They are buying the portfolio from Patrizia AG. The parties agreed not to disclose the purchasing price.
The portfolio comprises 68 properties with a lettable area of approx. 122,000 m2. More than 90% of the properties are located in the federal states of Bavaria, Hesse, Lower Saxony and North Rhine-Westphalia. Food retailers are leasing 85% of the space, two thirds of that space is leased by food retail market-leaders. The occupancy rate is around 98%.
The investors are a major insurance company and a renowned German capital management company.
GPEP has repeatedly relied on GSK Stockmann, most recently for the acquisition of two portfolios of 12 and 49 retail properties respectively.
Advisers of GPEP GmbH:
GSK Stockmann: Gösta Christian Makowski (Real Estate, lead), Sascha Zentis (Real Estate), Petra Eckl, Dominik Berka (both Tax), Gerhard Gündel, Wolfgang Jegodka (both Corporate), Harald Feiler (Compliance), Maritheres Palichleb (Real Estate); Associates: Anna-Lena Diedrich, Kristina Marx, Jan-Bernd Seeger (all Real Estate), Rebecca Comtesse (Finance) as well as more team members from the GSK practice groups
