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GSK Stockmann advises Deka on the acquisition of the office tower “Tower 185” in Frankfurt am Main

GSK Stockmann provided legal counsel to Deka Immobilien GmbH on the acquisition of the office high-rise Tower 185 in Frankfurt am Main.
Sellers are CA Immo Deutschland GmbH, the WPI fund SCS-Fis, another pension fund and Fagas Asset GmbH. The volume of the transaction is around 775 million euros. The property is acquired in parts for four open real estate funds.

Tower 185 was completed in 2011 and has a rental space of more than 100,000 m². As the fourth highest office building in Germany, it is located in Frankfurt’s inner-city center at the Friedrich-Ebert-Anlage.

GSK Stockmann provided Deka Immobilien GmbH with comprehensive legal advice on the transaction (asset and share deal) which was one of the largest single transactions in Germany in 2017.

Deka Inhouse: Ekkehart Orth, Dr. Alexander Ruhl

GSK Stockmann (Germany): Dr. Rainer Werum (Lead, Real Estate), Dr. Markus Söhnchen (Corporate, Joint Venture), Sascha Zentis (Investments); Associates: Kirill Schitomirski, Rebecca Comtesse (both Real Estate), Dr. Jan Bernd Seeger (Public Sector)

GSK Luxembourg SA (Luxembourg): Andreas Heinzmann, Arne Bolch; Associates: Hawa Mahamoud (all Supervisory law)

Contact GSK Stockmann:
Dr. Rainer Werum