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GSK Stockmann + Kollegen advises Real I.S. on the acquisition of the office building M Square in Munich

GSK Stockmann + Kollegen advised Real I.S. on the acquisition of the office ensemble “M Square”, located in Munich-Westend, from joint venture partners „Robert Hübner Unternehmensgruppe“ and „Competo Capital Partners“. Real I.S. purchased the property for one of its special funds. The parties agreed to keep the  purchase price confidential.

The ensemble in Elsenheimerstraße 61-67, consisting of several buildings with a total office space of around 25,000 sqm and 318 parking spaces is currently fully rented out. The main tenants are “Munich Business School”, the software and consulting company “MSG Life” as well as “Computerhare”, a company that is specialized in financial management.

Until 2013, the owners had invested almost 70 million Euros in purchase and refurbishment. The joint venture partners "Robert Hübner Group" and "Competo Capital Partners" had acquired the office suite at the end of 2012 and ordered a comprehensive redesign and renovation directed by the Munich architectural office „Büscher”. The focus lay on sustainability and energy efficiency. The building has a green building certificate in LEED gold.

GSK Stockmann + Kollegen advised Real I.S. comprehensively on the transaction. The consultancy included the examination and negotiation of the purchase contract, the implementation of a comprehensive legal and tax due diligence, as well as advice on construction law, tenancy law and public law.

Advisor Real I.S.:
GSK STOCKMANN + KOLLEGEN: Dr. Dirk Brückner (Lead, Real Estate), Stefan Dorn (Projects & Public Sector), Dr. Dirk Koch (Tax), Sascha Zentis (Banking/Finance), Associates: Nathalie Sochan, Christian Kullick, Maximilian Forster,  Anna-Lena Diedrich (all Real Estate), Kerstin Franke (Projects & Public Sector), Alen Nalbandian (Tax).

Contact GSK Stockmann + Kollegen:
Dr. Dirk Brückner