GSK Stockmann advised a joint venture consisting of ABG Real Estate Group and HanseMerkur Grundvermögen AG on the purchase of Deutsche Bank’s main branch, a listed building located in Frankfurt’s Rossmarkt.
The property was built in 1904 and has been extended and refurbished multiple times over the years. It has six above-ground floors with a total rental space of 13,600 sqm. Deutsche Bank, which has been using the building for 90 years and also had its headquarters there for a number of years, will remain the tenant. The seller is a fund owned by PGIM Real Estate.
GSK Stockmann provided advice on the entire transaction with a team led by partner Dirk Brückner, who supported the buyers through every stage from due diligence and purchase agreement negotiations to notarisation.
Advisers of the joint venture of ABG Real Estate Group and HanseMerkur Grundvermögen AG:
GSK Stockmann: Dirk Brückner (lead, Real Estate Transactions & Investments), Alma Franke (Finance), Marcel Vietor (Corporate), Mechtild-Maria Siebke (Finance); Associates: Felix Schill (Tax), Katharina Feierabend (Real Estate Transactions & Investments), Florian Vogel (Real Estate Law)
Image Source: ABG Real Estate Group
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