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GSK advises Union Investment on the sale of a business park portfolio to Aurelis

A team of GSK Stockmann + Kollegen, led by transaction partner Dr. Michael Jani and tax partner Dr. Petra Eckl advised Union Investment Real Estate GmbH comprehensively on the sale of four business parks to Aurelis Real Estate GmbH & Co. KG. The transaction became effective on 01 July 2015.

The business parks, being constructed between 1988 and 2001 and located in Düsseldorf, Cologne, Liederbach near Frankfurt/M. and Wiesbaden, have a total rental space of approximately 104,000 m² and were partially part of Union Investment’s portfolio for more than 20 years. With this sale Union Investment continues to pursue its strategy of a steady rejuvenation of its real estate portfolio.

The sale of this portfolio is already the second transaction between Union Investment and Aurelis. Also supported by GSK Stockmann + Kollegen, the business park “Ammerthalstraße” located in Kirchheim close to Munich with a space of approximately 28,700 m² has changed its owner in April 2015.

GSK’s advisory services comprised the advice of real estate and tax law issues in connection with the sales process including the due diligence and the respective contractual drafting and negotiation as well as investment law advice and the structuring of the transaction. Once again this enabled the delivery of sales advisory services “from a single source“.

Adviser to Union Investment Real Estate GmbH:
GSK Stockmann + Kollegen: Dr. Michael Jani (lead Real Estate and investment law), Dr. Petra Eckl (Tax), Dr. Henrik Kirchhoff (Real Estate and Public Law); associates: Dr. Christoph Strelczyk, Dr. Jan-Bernd Seeger (both Real Estate), Dominik Berka, Christian Weimann (both Tax).

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Dr. Michael Jani