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GSK Stockmann advises DC Values on acquisition of the former Unister-Zentrale in Leipzig

With comprehensive real estate, investment and tax law advice provided by GSK Stockmann and under the leadership of transaction partner Dr. Michael Jani, DC Values Group has acquired the former headquarter building of the now bankrupt Unister-Group, located in “Barfußgässchen” in Leipzig’s city centre. This acquisition was part of their self-managed open-end real estate fund “DCV Highstreet 1”. Seller of the property is Lebensversicherung von 1871 a. G. München (LV 1871).

The office and commercial building was built in 1906. It has a rental area of approx-imately 4,000 sqm and is located in the middle of Leipzig’s famous food court “Drallewatsch”. This acquisition was part of the portfolio transaction (“Lipsia-Portfolio”), on which DC Values acquired further objects, e.g., in Thomasiusstraße and Am Brühl.

In addition to the standard due diligence, drafting and negotiation of the purchase agreement as well as all accompanying agreements, GSK’s consultation included – according to the holistic nature of the law firm for institutional investors – investment support as well as the tax audit and the transaction structuring.

Advisor DC Values:
GSK Stockmann: Dr. Michael Jani (Lead, Real Estate and Investment Law), Dr. Christoph Strelczyk, Christina Reiber (both Real Estate), Dr. Jan Bernd Seeger (Projects & Public Sector), certified tax advisor Dominik Berka (Tax)

Contact at GSK Stockmann:
Dr. Michael Jani