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23.01.2017

GSK Stockmann advises on the sale of the Stuttgart Skyline Office to Deka Immobilien

GSK Stockmann advised the Bülow Group on the sale of the Skyline Office building, located near Pragsattel in the theatre quarter of Stuttgart, to Deka Immobilien. The parties agreed to keep the purchase price confidential.

The office building, completed in November 2016, will be included in the portfolio of the real estate fund “Domus-Deutschland-Fonds”. The six-storey Skyline Office building in Stresemannstraße 83/85 has approximately 10,000 sqm of lettable area and 195 parking spaces in an underground car park. The office space is rented long-term to Daimler Financial Services. The office building is part of the overall development “Skyline” which includes a residential building with a height of 75 metres, 22 over ground floors and a four-storey underground car park with 345 parking spaces. The residential building is due to be completed by the third quarter of this year.

GSK Stockmann has comprehensively advised on the sale of the Skyline Office in terms of real estate and tax law, including the negotiation of the purchase contract. 

 

Advisor Bülow-Group:
GSK Stockmann: Dr. Michael Eggersberger (Lead, Real Estate), Dr. Dirk Koch (Tax); Associates: Christian Kullick (Real Estate).

Contact at GSK Stockmann
Dr. Michael Eggersberger