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Barings buys hotel and office building in Stuttgart with GSK Stockmann

The real estate investment manager Barings Real Estate Advisers entrusted GSK Stuttgart with the acquisition of a hotel and office complex in Stuttgart. The property was acquired as part of a forward deal for the special real estate fund (SIS fund) of the Stuttgart-based insurance group. The parties agreed to keep the purchase price confidential.

The property, located Kupferstrasse 5 in the business park “Synergiepark”, is to be completed in the fourth quarter 2020 and is going to offer 7,000 m2 of hotel and about 3,800 m2 office space. For the hotel, a 25 year lease agreement was concluded with the hotel chain niu (Novum Hospitality). The office space will be fully leased to auditing and tax advisor H/W/S for ten years. The seller is an SPV of Weisenburger Group from Rastatt.

Barings Real Estate Advisers is part of Barings LLC, one of the biggest diversified real estate investment managers worldwide. It manages or supports assets for more than 200 clients around the globe and offers a broad range of investment opportunities in real estate stocks and bonds from public and private issuers.

Led by Stefan J. Schlapka, GSK Stockmann comprehensively advised the seller on all aspects of the sale process.

Advisers of Barings Real Estate Advisers:

GSK Stockmann: Stefan J. Schlapka (real estate law, lead), Dr Dirk Koch (tax law), Kerstin von Staa (public law), Dr Mechtild-Maria Siebke, Karina Klein (both real estate law) and Markus Werth (tax law)