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GSK Stockmann + Kollegen advises a joint venture consis-ting of Fay Projects and Merz Objektbau on the sale of a commercial development project in Aalen

Structured as a forward asset deal, the joint venture project corporation of “Fay Projects” and “Merz Objektbau” sold a planned commercial building on the Aalen market square to Cologne-based “Family Office Dereco”. The property covers a usable area of 8,000 sqm. The purchase price is about 40 million euros.

The property, formerly home to retailer “Kaufring” is located on the market square, a prime location in Aalen. The project named “Kubus Aalen” is expected to be completed by summer 2017. In addition to retail space, the Kubus will include gastronomy and office space. In addition to Enchilada and Aposto, future tenants for the object already include Mango, Hallhuber, Depot and Rossmann.

Advisor Joint-Venture-Projektgesellschaft Fay Projects and Merz Objektbau:
GSK Stockmann + Kollegen: Dr. Olaf Schmechel (Lead, Real Estate), Johannes Concato (Real Estate)

Contact GSK Stockmann + Kollegen:
Dr. Olaf Schmechel