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GSK supports GIEAG to acquire two fully leased commercial properties with a rental space of 32,300 sqm in Karlsruhe

Deal news: GSK advises GIEAGPDF, 48 K

GSK Stockmann + Kollegen advised GIEAG Immobilien AG on the acquisition of a 19.480 sqm plot in Karlsruhe with two fully rented commercial properties. The parties agreed not to disclose the purchase price.

The buildings in a prime location are rented to a large German telecommunications company and have a total rentable area of approx. 32,300 sqm. The total investment volume (including planned restructuring costs) of GIEAG is expected to amount to around EUR 52 million.

GSK Stockmann + Kollegen advised GIEAG comprehensively on the acquisition of the property including the commercial buildings via share deal on all real estate, corporate and on finance matters.

Advisor to GIEAG Immobilien AG:

GSK STOCKMANN + KOLLEGEN: Dr. Thomas Haller (Lead, Real Estate), Dr. Alma Franke (Banking/Finance), Andreas Dimmling (Corporate), Dr. Nadine Wachendorf (Real Estate, Commercial Lease); Associates: Sebastian Dittrich (Corporate), Eva Linde (Projects/Public Sector).

The deal news is available as download.

Contact GSK Stockmann + Kollegen:
Dr. Thomas Haller