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06.12.2018

GSK Stockmann advises on largest office space lease in Stuttgart

GSK Stockmann advised LC Liegenschaft from Stuttgart on renting out approx. 9,000 m2 of office space in the Gate Eleven high-rise in Leinfelden-Echterdingen near Stuttgart airport to the State of Baden-Württemberg.

The office building, located at 11 Fasanenweg, is currently used by the Center for School Quality and Teacher Training (Zentrum für Schulqualität und Lehrerbildung (ZSL)). The new tenant will move in in May 2019. Until then, LC is going to comprehensively revitalize the space for the new tenant. The lease agreement has a ten-year term. After another GSK Stockmann-assisted lease of about 2,500 m2 to the IT company Braincourt in November, Gate Eleven is now fully rented.

The lease agreement with the State of Baden-Württemberg is the largest lease of office space by a single tenant on the Stuttgart market this year.

GSK Stockmann comprehensively advised LC Liegenschaft on developing Gate Eleven. This included in particular concluding complex contracting Agreements.

Adviser of LC Liegenschaft:
GSK Stockmann: Volker Hofstetter (lead, real estate law); Stefan Geiger (energy law) Associates: Larissa Wallig, Anna-Lena Diedrich (both real estate law)