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06.11.2015

GSK advises Invesco Real Estate on the acquisition of the office building ma|ro in Frankfurt am Main

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Supported by GSK Stockmann + Kollegen a fund of Invesco Real Estate acquired the office development ma|ro from fund manager by Peakside Capital and developer Groß & Partner. The property is located at Frankfurt’s Opera Quarter (“Opernquartier”). The parties agreed not to disclose the purchase price.

Located at the corner of Neue Mainzer Straße 74-80 and Neue Rothofstraße, both seven-storey-buildings have a rental area of more than 13,000 sqm designed for premium offices and high-quality retail. The avantgarde design of this prime property is created by the Berlin architect Eike Becker. Acquired by a joint venture of Peakside Capital and Groß & Partner, the buildings which formerly belonged to the BHF Bank, have been developed since 2013. Their completion is expected in spring 2016.

GSK Stockmann + Kollegen comprehensively advised Invesco on all real estate aspects of the transaction. The legal support included the execution of a due diligence as well as the drafting and negotiation of the respective agreements.


Advisor to Invesco:

GSK STOCKMANN + KOLLEGEN:
Dr. Michael Eggersberger (Lead, Real Estate), Monique Franke (Real Estate), Wolfgang Jegodka (Real Estate); Associates: Julia Straßer (Real Estate), Eva Linde, Dr. Nicola Wiesinger (both Public Sector), Johannes Müller (IP/IT)

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Dr. Michael Eggersberger