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18.02.2019

GSK Stockmann advised Westbrook on the acquisition of a historic office building in Berlin-Mitte

GSK Stockmann provided comprehensive legal advice to the global real estate investment company Westbrook Partners on the purchase of a listed five-story property in Berlin-Mitte. The seller is a subsidiary of Bayer AG. The parties agreed to keep the purchase price confidential.

The building in Gerichtstrasse 27, built between 1910 and 1912 as a laundry factory, is located on a plot of land of 6,600 m2 with more than 100 parking spaces. It has approx. 13,300 m2 of rental space and is fully let. The main tenants include Bayer and IB Medical Academy Berlin.

Westbrook Partners was founded in 1994 and is now specialized in the acquisition and appreciation of real estate in top international locations across the asset classes office, residential, retail, hotel and industrial.

GSK Stockmann has  comprehensively advised Westbrook on due diligence as well as on the drafting and negotiation of the purchase agreement.


Advisers of Westbrook:

GSK Stockmann: Dr. Andreas Eichler (Real Estate, lead), Dr. Mark Butt (Public); Associates: Dr. Phyllis Simsch, Caglayan Birkan (both Real Estate), Eva Linde (Public)

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