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GSK Stockmann advises on the sale of the Gabrielenlofts in Munich

GSK Stockmann advised Gabrielenstraße 9 GmbH, a property company in which among others the shareholders Uwe Binnberg (Binnberg Architecture Development) and Bernd Sacher (Sacher GmbH Engineers + Experts) are involved, on the sale of the Gabrielenlofts in Munich-Neuhausen to a fund managed by BNP PARIBAS REIM. Silence has been agreed on the purchase price.

The Gabrielenlofts in Munich-Neuhausen have a total rental area of around 7,000 sqm and are fully let. The handover to BNP PARIBAS REIM was effected within the deadline. Tenants of the property are, amongst others, the brand and advertising agencies Martin et Karczinski, KMS Team and Designit.

The former industrial building was completely renovated, extended and transformed into modern and high-quality designed lofts. The distinctive clinker facade of the building and the spacious balcony and roof terrace areas enhance a modern office and agency environment.

GSK Stockmann provided the seller of the Gabrielenlofts with comprehensive legal advice and representation on the drafting of the contract and the negotiations. Furthermore, GSK Stockmann advised on all aspects of the contracts with the executing companies during the construction phase.

Advisor Gabrielenstraße 9 GmbH:
GSK Stockmann: Stefan J. Schlapka, LL.M. (Real Estate, Lead), Dr. Dirk Koch (Tax); Stefan Dorn (Projects & Public Sector); Associates: Dr. Mechtild-Maria Siebke, LL.M. (Real Estate/Finance), Kerstin von Staa, Lisa Schmölz (both Projects & Public Sector), Dr. Gregor Höng (Tax)