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GSK Stockmann advises Barings on acquisition of retail building for SIS-Fonds

GSK Stockmann provided legal counsel to Barings Real Estate Advisers GmbH in its role as the exclusive investment and asset manager for the Stuttgarter Versicherungsgruppe’s Stuttgart Special Real Estate Fund (SIS-Fonds) regarding the acquisition of a retail property in Erlangen. The seller is a joint venture between Värde Partners and Accom.

The commercial property is located at Rathausplatz 4, part of the pedestrian zone and one of the most prestigious commercial areas in Erlangen. The building, which was erected in 1970 and refurbished extensively in 2012, has a total rental area of around 5,700 m² which has been leased long-term by the fashion company C&A. The parties agreed to confidentiality regarding the purchase price.

Barings Real Estate Advisers GmbH is part of the global asset management company Barings with over 1,700 employees in 17 countries. The SIS-Fonds, which was launched by Institutional Investment Partners on behalf of Stuttgarter Versicherungsgruppe, invests primarily in commercial and office properties throughout Europe.

Advisor Barings Real Estate Advisers GmbH:
GSK Stockmann Germany: Dr. Gösta Christian Makowski (Lead, Real Estate), Dr. Maritheres Palichleb, Anna-Lena Diedrich, Dr. Jan Bernd Seeger, Dr. Stefan Geiger (all Real Estate), Dr. Petra Eckl, Andreas Ebert (Tax)