• Practice Areas
  • Sectors
  • Lawyers
  • Notaries

News

24.06.2015

GSK Stockmann + Kollegen advises on the sale of the office building „88north“ located in Munich

GSK Stockmann + Kollegen advised the joint-venture-partners Hammer AG (project developer) and Competo Capital Partners GmbH, Munich (capital partner) on the sale of the Munich office building “88north” to Amundi Real Estate. The parties agreed not to disclose the purchase price.

Upon its completion, the joint-venture-partners have already sold the property to the French institutional investor Amundi Real Estate (the real estate sector of the Amundi Group) within a share deal through the open OPCI Fonds which already invests in Germany.

The 88north is located in the north of Munich, close to the city and is situated directly to the Olympiapark. The complex, planned by the renowned architect Hadi Teherani and certified for the LEED Gold, has a space of 49,500 m² and is already rented up to 85%. Amongst the tenants are advisory service provider, IT and technology companies, as well as law firms and financial auditors, engineers, media agencies, a first-class fitness centre as well as a restaurant.

GSK Stockmann + Kollegen already advised the joint-venture-partners Hammer AG and Competo Capital Partners on the founding of the joint-venture. Consequently, GSK Stockmann + Kollegen has legally structured the sales process, and hence comprehensively advised the successful share deal.


Adviser Joint-Venture Hammer AG and Competo Capital Partners:
GSK STOCKMANN + KOLLEGEN: Dr. Dirk Brückner (lead, Real Estate), Dr. Andreas Bauer (lead Corporate), Andreas Dimmling (Corporate), Dr. Mark Butt (lead Public Law), Dr. Petra Eckl (lead Tax), Dr. Alma Franke (lead Finance); Associates: Eva Linde (Public Law), Philipp Dawirs, Christine Pagel, Patrizio Santomauro (all Real Estate), Marcel Vietor (Corporate), Dominik Berka, Christian Weimann (both Tax).

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Dr. Dirk Brückner