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15.12.2014

GSK advised DEMIRE Deutsche Mittelstand Real Estate AG on the purchase of a commercial real estate portfolio

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Deal news_GSK advised DEMIREPDF, 110 K

GSK provided comprehensive advice to the listed company DEMIRE Deutsche Mittelstand Real Estate AG Frankfurt/M. in connection with the purchase of a commercial real estate portfolio (comprising 107 properties) as a share deal.

The newly acquired commercial property portfolio generates a net rental income of approximately EUR 19 million per year. It comprises 270,000 qm rentable area in Düsseldorf, Eschborn, Bayreuth, Bremen, Kempten, Ulm und Darmstadt, used mostly as office space and leased on a long-term basis. The transaction was com-pleted on 12 December 2014. Both parties have agreed to keep the sales price con-fidential.

GSK advised DEMIRE on various legal issues, among others the negotiation of complex share and purchase agreements and financing of the acquisition. 

The full text of the deal news can be downloaded here.

Advisors to DEMIRE Deutsche Mittelstand Real Estate AG:
GSK Stockmann + Kollegen: Max Wilmanns (Corporate/M&A, Lead), Dr. Andreas C. Peters (Corporate/M&A), Dr. Alma Franke (Finance), Dr. Gösta Christian Makowski (Real Estate), Dr. Thilo Franke (Real Estate), Dr. Petra Eckl (Tax), Jennifer Bierly (Capital Markets); Associates: Anneke Focken (Corporate/M&A), Philipp Klingen (Real Estate), Frederik Laux (Finance).

Contact GSK Stockmann + Kollegen:
Max Wilmanns