With comprehensive advice from GSK Stockmann related to real estate, tax and investment law, VALUES Real Estate GmbH acquired the office building at Rödingsmarkt 16, known as “Herrlichkeit” (beauty in German), in Hamburg’s historic city. The property for the institutional BVK-Values-Immobilienfonds-CBD was completed in 2011.
The ten-storey building between Alsterfleet and Rödingsmarkt was based on a design by architects BRT Bothe Richter Teherani. Until March 2021, the 7,600 m² of floor space is fully rented to the testing and certification company SGS Group.
The property was sold by the partner pension company of one of the large audit firms. The closing took place on January 1 of this year.
GSK Stockmann has been advising VALUES for many years and has again supported this deal with a team led by partner Michael Jani on all real estate, tax and investment law related aspects of the purchase.
Advisers of VALUES:
GSK Stockmann: Michael Jani (lead, Real Estate), Dominik Berka (Tax); Associates: Christina Reiber (Real Estate), Jan-Bernd Seeger (Public Building and Planning Law), Vanessa Lampe (Real Estate), Manuel Feller (Public Building and Planning Law).
Image source: Values Real Estate
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