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GSK advises Union Investment on the acquisition of the listed historical building „Europahaus“ in Leipzig

A team of GSK Stockmann + Kollegen, led by Hamburg partner Dr. Michael Jani has advised Union Investment Real Estate GmbH on the acquisition of the listed historical building “Europahaus” located at Augustenplatz in the City of Leipzig. The building was sold by Leipziger Stadtbau AG. The office building was erected in 1928/1929 by Otto Paul Burghardt and meant to present a counter-balance to the “Kroch-Hochhaus”. A comprehensive renovation and modernisation in line with historical listed building regulations act was performed in 2013 and 2014. As of the end of 2014 the sole tenant of the 13-floor office building is Stadtwerke Leipzig GmbH.

With the acquisition of the property for the institutional special fund DIFA-Fonds Nr. 3, Union Investment and GSK continue their long-term cooperation even in the field of advising institutional investors; those special open ended real estate investment funds are managed by Union Investment Institutional Property GmbH.

Legal Advisors to Union Investment:
GSK Stockmann + Kollegen: Dr. Michael Jani (Lead, Real Estate), Dr. Henrik Kirchhoff (Public Law); Associates: Felix M. Riethmüller, Dr. Christoph Strelczyk (both Real Estate).

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Dr. Michael Jani