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Supported by GSK Stockmann + Kollegen Union Investment enters the Residential Investment Market

A team of GSK Stockmann + Kollegen, led by transaction partner Dr. Michael Jani and tax partner Dr. Petra Eckl, comprehensively advised Union Investment Institutional Property GmbH on real estate and tax law aspects. For the first time, Union Investment Institutional Property GmbH invested in the residential investment segment for their institutional property fund “UniInstitutional German Real Estate” and acquired a residential property in Düsseldorf. The complex is located at “Am Wildpark 37-51” in Düsseldorf and comprises 84 units with a total rental area of 8,380 sqm. Seller is Warburg-HIH Real Es-tate GmbH, based in Hamburg.

The residential property entrenched in the Grafenberg district comprises two build-ings which were constructed as part of a new development between 2009 and 2011. The apartment sizes in the residential complex range from 70 sqm to 150 sqm.

Besides the standard real estate due diligence and the drafting, lay-out and negotia-tion of the sale and purchase agreement as well as all accompanying agreements, GSK Stockmann + Kollegen in particular advised on investment and tax law aspects of the transaction.

Once again Union Investment relies on the qualified “One-Stop-Shop” support by GSK Stockmann + Kollegen, a long-standing successful feature of GSK’s transactional practice.

Legal Adviser to Union Investment:
GSK Stockmann + Kollegen: Dr. Michael Jani (Lead, Real Estate), Dr. Petra Eckl (Tax), Dr. Henrik Kirchhoff (Real Estate and Public Law); Associates: Dr. Christoph Strelczyk, Frederick Brüning (both Real Estate), Dr. Jan-Bernd Seeger (Real Estate and Public Law), Dominik Berka (Tax).

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Dr. Michael Jani