GSK Stockmann provided comprehensive legal advice to the Stuttgart-based LBBW Immobilien Group on the acquisition of a local shopping centre in Kelheim near Regensburg.
LBBW Immobilien acquired the “Kelheimer Einkaufscenter”, which has a lettable area of around 17,400 sqm, for its real estate special AIF “LBBW Nahversorgungsimmobilien Deutschland”. The centre has a number of creditworthy anchor tenants, especially in the food sector. Other tenants include businesses in the textile, fitness and food service industries. The leases have a long average remaining term of nine years, ensuring a stable distribution yield for the fund. The centre has a total of 660 underground and outdoor parking spaces.
GSK Stockmann provided comprehensive legal and tax advice on the transaction with a team led by partner Monique Franke. In particular, the team’s advice concerned legal and tax due diligence, KYC identification checks, investment law, as well as drafting and negotiating the purchase agreement.
Advisers of LBBW Immobilien Group:
GSK Stockmann: Monique Franke (lead, real estate law), Sascha Zentis (investment law), Katharina Groche (real estate law), Kristina Marx (public law), Dominik Berka (tax law); associates: Helena Ogbai, Alisa Mößinger (both real estate law).
Press contact
presse@gsk.de
+49 30 203907-7763
Monique Franke
Partner*
+49 89 288174-661
monique.franke@gsk.de
For reasons of better readability, we use the gender-neutral generic masculine. However, the information expressly refers to all genders.
