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13.01.2016

GSK advises DIC Asset AG on the sale of a real estate portfolio

GSK Stockmann + Kollegen advised DIC Asset AG on the sale of their real estate portfolio to the International Real Estate Kapitalverwaltungsgesellschaft mbH (IntReal) by way of a share deal. The purchase price for all nine commercially used properties, situated in Berlin, Cologne, Frankfurt, Munich, and further economically strong regions, amounts to approx. EUR 270 million.

In this transaction IntReal, a wholly owned subsidiary of Warburg-HIH Invest Real Estate GmbH, acted as service KVG for DIC Asset AG. DIC contributed the nine properties as initial portfolio into the recently established special fund “DIC Office Balance III”. Investors of the fund are German institutional investors, including pension funds, retirement funds and savings banks.

GSK Stockmann + Kollegen comprehensively advised DIC Asset AG in the sales process on all real estate and corporate law aspects, including questions concerning finance, tax and supervisory law.

Advisor to DIC Asset AG:

GSK STOCKMANN + KOLLEGEN: Dr. Gerhard Gündel (Corporate), Stefan Koser (Finance), Dr. Rainer Werum (Real Estate), Dr. Petra Eckl (Tax),
Dennis Stenzel (Supervisory); Associates: Dominik Berka (Tax)

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Dr. Gerhard Gündel