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GSK Stockmann advises Art-Invest Real Estate on the acquisition of the hotel Nikko in Düsseldorf

GSK Stockmann has advised Art-Invest Real Estate on the purchase of the Düsseldorf hotel Nikko within a share deal by a joint venture of Invest Real Estate and Event Hotels. The seller of the hotel, located in Immermannstraße 41 and focused on Japanese guests, was a fund of Benson Elliot. Silence has been agreed on the purchase price.

The joint venture acquired the property for the “Hotel-Manage-to-Core-Fund“. Main user is the hotel Nikko which has 386 rooms and suites as well as twelve conference rooms. Its underground garage with 550 parking spaces is public. Furthermore, the property which is part of the German-Japanese centre has approximately 7,500 sqm office and retail space.

GSK Stockmann has advised Art-Invest Real Estate on the acquisition of the shares. Among others on the real estate and corporate law due diligence, the negotiations and the conclusion of the employment contract as well as the registration with the antitrust authorities. In addition, GSK Stockmann has advised the buyer on corporate structuring and conclusion of the joint venture contract including a new version of the rental contract with the Event Hotel Group.

Advisor Art-Invest Real Estate:

Real Estate Law
GSK Stockmann: Dr. Bernhard Laas (Lead), Stefan Schlapka (both Real Estate, Hospitality), Dr. Markus Söhnchen, Dr. Gerhard Gündel (both Corporate), Dr. Alma Franke und Agnes Bosse (both Finance), Dr. Raoul Kreide (Restructuring) and Wolfgang Jegodka (Antitrust); Associates: Dr. Philipp Dawirs and Christian Kullick (both Real Estate, Hospitality), Inga Henrich (Corporate)

Contact GSK Stockmann:
Dr. Bernhard Laas