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GSK Stockmann advises Art-Invest on sale of ATLAS project development

GSK Stockmann provided legal counsel to Art-Invest on the sale of the “ATLAS” project development. Buyer is the insurance group Allianz.

The transaction, structured as a forward deal, has a volume of approx. 190 million Euro. The building complex near the Munich Ostbahnhof train station has a total area of 26,000 m². Together with Art-Invest, a fourteen-storey office tower is being erected in Munich’s prominent Werksviertel that will be complemented by a six-storey plaza building. The site is already considered a striking highlight with distinctive architecture. The building is almost completely leased out.

Art-Invest acquired the former Media Works Munich site in 2016 as a shell construction from the New York private equity firm Westbrook Partners.

Advisor Art-Invest

Inhouse (Art-Invest Real Estate Funds GmbH): Andrea Balk

GSK Stockmann: Dr. Michael Eggersberger (Real Estate), Dr. Markus Söhnchen (Corporate/M&A) (both Lead), Dr. Dirk Koch (Tax), Robert Kramer (Regulatory law), Monique Franke (Real Estate), Dr. Gerhard Gündel (Corporate/M&A); Associates: Caglayan Birkan, Katharina Treichel, Theresa Haßlberger (all Real Estate), Inga Henrich (Corporate/M&A), Christian Roth (Tax)