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GSK Stockmann + Kollegen advises MIB on the sale of Neue Mitte Fürth to DEKA

GSK Stockmann + Kollegen advised the Berlin real estate developer MIB AG on the sale of the business center „Neue Mitte Fürth“ (located in Fürth's city center) to Deka Immobilien. The parties agreed not to disclose the purchase price.

With a size of 17,500 sqm rental area and 144 parking spaces, the shopping center was acquired by the institutional special fund „WestInvest TargetSelect Shopping“ owned by Deka Immobilien. Completed in 2015 and located at Fürth's pedestrian area, the property mainly comprises retail areas but also offices and one underground parking garage. The main tenants of the almost fully rented property are C&A, TK Maxx and REWE.

GSK comprehensively advised MIB in the transaction (excluding tax law issues).

Advisor to MIB AG:
GSK Stockmann + Kollegen: Dr. Lorenz Claussen (Lead, Real Estate), Dr. Alma Franke (Finance), Pascal Gatty (Real Estate).

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Dr. Lorenz Claussen