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06.02.2019

GSK Stockmann assisted Klappan Group in the sale of Aischpark Center, a premium specialist retail park

A joint venture of Klappan and Zauritz groups relied on GSK Stockmann for the sale of the premium specialist retail park Aischpark Center in Nuremberg. The buyer is a joint venture of AEW Invest GmbH. The parties agreed to keep the purchase price confidential.

The retail park, located in Höchstadt an der Aisch in the economically strong Bavarian metropolitan region of Nuremberg, was completed in 2018 and is fully let. The center has a total rental area of more than 21,000 sqm and 700 parking spaces. Current main tenants include Rewe, H&M, Dehner, Netto and Woolworth, who have singed long-term leases at the center as have another 22 tenants. Klappan group has been a project development company with offices in Bamberg and Munich for more than 25 years.

GSK Stockmann, led by Stefan J. Schlapka, advised the seller, a joint venture of Klappan and Zauritz group on all aspects of the structured sale process.

Adviser Zauritz / Klappan:

GSK Stockmann: Stefan J. Schlapka, LL.M. (Real Estate, lead), Monique Franke (Real Estate), Dr. Dirk Koch (Tax); Associates: Kerstin von Staa (Projects & Public Sector), Dr. Mechtild-Maria Siebke and Katharina Groche (both Real Estate)