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20.01.2016

GSK Stockmann + Kollegen advises MLP on the sale of the MLP-Tower in Heidelberg

GSK Stockmann + Kollegen advised MLP AG on the sale of the so-called MLP-Tower in Heidelberg Emmertsgrund to project developer Uwe Dieter Krück. The parties agreed not to disclose the purchase price.

Constructed in 1992, the 18-storey office building with a rental area of approx. 8,000 sqm was used as headquarter by the MLP AG until 2001. From 2001 until 2016 Heidelberger Life Insurance Company used the property as its headquarter. The purchaser intends a redesign and conversion of the existing office building into a residential estate with numerous micro-apartments.

The sale was carried out by way of an asset deal. GSK Stockmann + Kollegen comprehensively advised MLP AG on all legal aspects of the transaction, in particular during the negotiations and on the conclusion of the property sales agreement.

Advisor to MLP AG:
GSK Stockmann + Kollegen: Dr. Uwe Jäger (Lead); Associates: Andreas S. Grammling (Real Estate), Dominik Berka (Tax)

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Dr. Uwe Jäger