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GSK Stockmann advises Centerscape on acquisition of first high-street retail object in greater Berlin

GSK Stockmann advised Centerscape on the acquisition of a 206 sqm retail space, located on the ground floor of the residential and commercial building Oranienburger Straße 12 in Berlin-Mitte. It is the first high-street retail object in the Centerscape portfolio in the greater Berlin area. Silence has been agreed on the purchase price.

Seller is the Berlin-based United Land GmbH. The retail space on the ground floor is part of a listed residential and commercial building which was built in 1884 and renovated in 2003. Tenant of this area is the Dutch jeans and fashion brand G-Star RAW.

GSK Stockmann advised Centerscape comprehensively on the transaction, in particular, on the structuring of the transaction as well as real estate, tax and public law matter.

Advisor Centerscape:
GSK Stockmann: Dr. Philip Huperz (Lead, Real Estate); Associates: Dr. Nicola Wiesinger (Projects & Public Sector), Dominik Berka, Andreas Ebert (both Tax)

Contact GSK Stockmann:
Dr. Philip Huperz