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08.05.2019

GSK Stockmann advised S&P Group on the acquisition and development of the railway station area in Rosenheim

GSK Stockmann comprehensively advised real estate company Sontowski & Partner (S&P Group) from Erlangen on the acquisition of a 10,821 m2 property located on the Rosenheim railway station area. The seller is the City of Rosenheim. The parties agreed to keep the purchase price confidential.

On the site of lots 4, 5 and 6, the developers plan to build an office and business complex of a total floor area of 31,500 m2 including hotel, retail and gastronomy spaces, a student residence, apartments for seniors and a nursing home, plus a greened parking garage. The aim is to create an attractive and lively urban quarter that will complete the development of the railway station area in Rosenheim. The City of Rosenheim purchased the land in a bidding process. Now, a project-related development plan is to secure the building permit for the envisaged district development. The start of construction is planned for the spring of 2020.
     
S&P Group has been implementing complex projects in the commercial and residential real estate segments as an initiator, project developer, property developer and investor since 1984 and is an expert in the field of senior-friendly living.
GSK Stockmann has been regularly advising the S&P Group on project developments for several years, with a special focus on retail and mixed-use projects.

Advisers of Sontowski & Partner:
GSK Stockmann: Dr. Mark Butt (planning and building law, lead), Dr. Bernhard Laas (Real Estate), Dominik Berka (Tax); Associates: Andreas Ebert (Tax), Franziska Resch (Real Estate)