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09.07.2018

GIEAG sells logistics property in Erfurt with support of GSK Stockmann

GSK Stockmann advised GIEAG Immobilien AG (GIEAG) on the sale of a 67,000 sqm logistics property in Erfurt to an institutional commercial real estate investor. The purchase price amounts to 53.9 million euros.

The property sold in the capital of Thuringia was built by GIEAG in 2010 and is located on the premises of the International Logistics Centre. The usable space of the property consists of over 60,000 sqm of logistics space, further mezzanine and of-fice space as well as parking spaces. The property also boasts a very good traffic infrastructure with direct access to the A71 motorway.

In winter 2017/2018, GSK Stockmann advised GIEAG on the conclusion of the lease agreement with the main tenant as well as on the sale.


About GIEAG Immobilien AG (GIEAG)
GIEAG is a family-run Munich real estate stock corporation. The shares of GIEAG Immobilien AG are traded on the Munich Stock Exchange. Over the past 18 years, GIEAG has developed a large number of real estate projects with areas ranging from 1,500 to 145,000 sqm at an individual investment sum of up to 100 million euros.

 

Advisor GIEAG Immobilien AG:
GSK STOCKMANN: Dr. Thomas Haller (Lead, Real Estate), Monique Franke (Real Estate); Associates: Katharina Treichel (Real Estate), Kathrin Werner (Public Sector)