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09.04.2018

GSK Stockmann advises Swiss Life on the acquisition of a retail portfolio

GSK Stockmann advises Swiss Life comprehensively on the acquisition of a retail portfolio from DIC as part of a share purchase.

The Swiss financial group Swiss Life has acquired a retail portfolio of 15 inner-city office buildings with the support of GSK Stockmann. Main tenants are mainly textile companies, including C&A, Esprit, Karstadt, SinnLeffers and Wöhrl. The rental area of the package is approximately 85,000 sqm. The commercial buildings are scattered over 15 cities throughout Germany, including Trier, Flensburg, Dresden and Passau.

The acquisition was made by acquiring 100% of the shares in the DIC HighStreet Balance fund. The fund was launched in 2012. Share purchase is an innovative form of a real estate transaction.

GSK Stockmann advised Swiss Life comprehensively both in the due diligence of the individual properties and in the drafting and negotiation of the share purchase agreement.
 
Advisor Swiss Life:
GSK Stockmann: Monique Franke (Lead, Real Estate), Sascha Zentis (Investments), Markus Söhnchen (Corporate), Dr. Andreas Eichler (Real Estate), Dr. Raoul Kreide (Insolvency), Wolfgang Jegodka (Antitrust); Associates: Katharina Treichel, Çağlayan Birkan, Theresa Haßlberger, Martina Köglsperger (all Real Estate), Dr. Christian Kullick, Theresa Schweiger, Kerstin von Staa, Dr. Jan Bernd Seeger, Eva Linde (all Projects and Public Sector)