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15.01.2018

GSK Stockmann advises on the sale of the development area “Alte Bahndirektion” in Stuttgart

GSK Stockmann provided comprehensive legal counsel to the joint venture between project developer W2 Development GmbH from Stuttgart and the Munich investment and asset manager Capital Partners on the sale of the heritage-protected railway site in Stuttgart’s inner city.

Buyer of the approx. 13,400 m² property next to Stuttgart’s main railway station is P+B Gruppe from St. Augustin. The property, located between Heilbronner Strasse and Jägerstrasse, is currently being used by the Deutsche Bahn AG for construction work on the Stuttgart-21 project.

The parties agreed to confidentiality regarding the purchase price for the property.

 

Advisor W2 Development / Capital Partners
GSK Stockmann: Dr. Dirk Brückner (Lead, Real Estate), Dr. Dirk Koch (Tax), Associates:  Phyllis Rade (Real Estate), Dr. Christian Kullick (Public Sector)