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15.05.2018

GSK Stockmann advises TLG IMMOBILIEN AG on the acquisition of Reemtsma headquarters “Office 3001” in Hamburg-Bahrenfeld

GSK Stockmann advised TLG IMMOBILIEN AG on the acquisition of Reemtsma headquarters “Office” 3001.

The office building, located at the intersection Bertrand-Russel-Straße 3, 5/Max-Born-Straße 2, 4, with around 23,300 sqm of rental space and 452 parking lots is the headquarters of Reemtsma Cigarettenfabriken GmbH.

Seller is a subsidiary of Orion European Real Estate Fund IV, C.V., which is sponsored by Orion Capital Managers.

The purchase price was 56 million euros, the total investment volume 59.5 million euros. The annual net rent amounts to around 3.4 million euros, which corresponds to a rental yield of around 6.1%. The EPRA occupancy rate is 85.2% with a WALT (at contract conclusion) of 6.6 years.


Advisor TLG IMMOBILIEN AG
GSK Stockmann: Dr. Philip Huperz (Lead), Dr. André Morgenstern (both Real Estate), Dr. Stefan Geiger, Dr. Jan Bernd Seeger (both Public Sector).

GSK Stockmann had prevailed in a pitch.

Mazars: Andreas Lichel (Lead), Ingo Schubert, Malgorzata Karluk, Thomas Pelzer.

Inhouse: Armin Heidenreich (Head of Legal), Dr. René Schober (Senior Legal Counsel).

Technics: Drees&Sommer