05 July 2021

GSK Stockmann advises joint project company of Isarkies and MB Park Deutschland on sale of office and laboratory complex in Bavaria

GSK Stockmann advised P1 Projekt CSA GmbH & Co KG, a joint project company of Isarkies Wohn- und Gewerbegrund GmbH & Co KG and MB Park Deutschland GmbH, on the sale of a test laboratory and office building in Plattling, Bavaria. The property was acquired for the EUROVALYS SCPI managed by the portfolio management company Advenis Real Estate Investment Management (Advenis REIM). The parties agreed to keep the purchase price confidential.

The buildings developed by the developers Isarkies and MB Park Deutschland for CSA Group Bayern GmbH in the Deggendorf district near the border to Austria and the Czech Republic have a total lettable area of 19,560 m². Plattling is a medium-sized centre in Lower Bavaria with a high-speed train connection and, being a technology centre with excellent transport infrastructure, boasts excellent locational factors.

The property was handed over to CSA Group Bayern GmbH in May 2021 after a construction period of just over one year. It is let long-term. In addition to the aesthetically attractive buildings, the project also convinces with sustainability factors: The use of groundwater heat pumps and the utilisation of waste heat through the plant engineering make a significant contribution to provide heating for the buildings and thus achieve a high level of energy efficiency.

GSK Stockmann provided comprehensive legal advice to P1 Projekt CSA GmbH & Co. KG with a team led by real estate partner Michael Eggersberger, in particular during the negotiations and conclusion of the purchase agreement and, prior to that, during the lease of the property to CSA Group Bayern GmbH. The project development companies Isarkies and MB Park Deutschland are long-standing clients of GSK Stockmann.

Adviser of P1 Project CSA GmbH & Co. KG
GSK Stockmann: Michael Eggersberger (lead, real estate transactions & investments); Associates: Felix Bergfort (real estate transactions & investments), Kristina Marx (public law)

Image source: MB Park Deutschland

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Press contact
Christine Ström
+49 30 203907-7763
presse@gsk.de

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Contact person

Dr. Michael Eggersberger

Partner*

+49 69 710003-236

michael.eggersberger@gsk.de

* Partner: A partner within the meaning of the partnership company law.
   Local Partner: not a partner within the meaning of the partnership company law.
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