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18.02.2019

GSK Stockmann advised Westbrook on the purchase of the "Fritz" office building in Düsseldorf

GSK Stockmann provided comprehensive legal advice to the global real estate investment company Westbrook Partners on the purchase of the "Fritz" office building in Düsseldorf’s business district “Seestern.” The seller is Deka Immobilien GmbH. The parties agreed to keep the purchase price confidential.

The property at Fritz-Vomfelde-Strasse 14-20 consists of four building parts and comprises a rental space of almost 17,000 m2 and around 300 parking spaces. Two thirds of the property are let; among the tenants are NEC Germany and Itochu. The property was originally part of the Deka-ImmobilienEuropa portfolio, an open-end public real estate fund. Deka acquired the office building in 1993 when it was brand new.

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 Partners:

GSK Stockmann: Dr. Andreas Eichler (Real Estate, lead), Dr. Alma Franke, Andreas Heinzmann (both Finance); Associates: Dr. Phyllis Simsch, Karina Klein (both Real Estate), Dr. Christian Kullick (Public), Dr. Mechtild-Maria Siebke (Finance)

This publication is also available as PDF download.