Luxembourg

GSK Stockmann provided comprehensive legal advice to Art-Invest Real Estate on a new long-term lease agreement with Süddeutscher Verlag for a large volume of office space in the SZ Tower in Munich. The SZ Tower is a landmark high-rise building located at Hultschiner Strasse 8 in eastern Munich. The building has a total area of approximately 21,490 square metres, with a lettable area of around 54,500 square metres GFA. Since its completion in 2008, the building has been used exclusively by the German media company Süddeutscher Verlag. The new lease represents a key milestone in the strategic transformation of the building into a modern, multi-tenant property. As part of the planned redesign, the SZ Tower will be modernised and adapted for new uses. Art-Invest Real Estate aims to update the property to meet the demands of the modern workplace by introducing a cutting-edge usage concept including shared amenities, such as modern conference and catering areas, fitness facilities and New Work spaces. GSK Stockmann provided expert advice to Art-Invest Real Estate, particularly regarding the legal structuring and negotiation of the new long-term lease agreement. This included guidance on the operating and utilisation concepts in a multi-tenant setting, aspects of tenancy law related to shared spaces, as well as investment law, tax requirements and sustainability. The firm’s advice also included the agreement of an interim phase for the remodelling of the property. “The new lease with Süddeutscher Verlag represents a successful combination of continuity and transformation. When structuring the contracts and conducting the negotiations, a balance had to be struck between the long-term requirements of an anchor tenant and the flexibility of a future multi-tenant concept, while also taking complex interdependencies with the construction measures during the remodelling, as well as ESG aspects into account. A well-balanced contractual framework is crucial for the integration of New Work concepts and shared spaces – from making the use of the space more flexible to ensuring governance-compliant management. This is precisely where our advice comes in. We are delighted to have supported Art-Invest Real Estate with this flagship project,” says Monique Franke, Partner for Real Estate Investments & Asset Management at GSK Stockmann. Advisers of Art-Invest Real Estate at GSK Stockmann: Monique Franke (lead, Real Estate Investments & Asset Management), Stephan Wachsmuth (Tax) and Bianca Luppert (Real Estate Investments & Asset Management) ### Contact: GSK STOCKMANN Monique Franke Karl-Scharnagl-Ring 8 80539 Munich T +49 89 288174 - 661 F +49 89 288174-44 [email protected] Press contact: GSK STOCKMANN Christina Holl Karl-Scharnagl-Ring 8 80539 Munich T +49 89 288174-275 F +49 89 288 174-44 [email protected] GSK Stockmann is a leading independent European corporate law firm. Over 250 professionals advise German and international clients at our locations in Berlin, Frankfurt/M., Hamburg, Heidelberg, Munich, Luxembourg and London. GSK is the law firm of choice for Real Estate and Financial Services. We provide comprehensive advice to domestic and international real estate investors, developers, owners and users at every stage of the real estate life cycle, from initial structuring and development to letting, operation and exit. We also have deep-rooted expertise in key sectors including Funds, Capital Markets, Public, Mobility, Energy and Healthcare. For international transactions and projects, we work together with selected reputable law firms abroad. Our advice combines an economic focus with entrepreneurial foresight. That is what is behind:  Your perspective. More about us: www.gsk.de [caption id="attachment_53828" align="alignnone" width="300"] GSK München[/caption]

GSK Stockmann advised Catella Investment Management GmbH on the acquisition of two developments in the “Liesel Quartier” in Göttingen. The two planned residential buildings, including a day-care centre, in the “Liesel Quartier” development in Göttingen were acquired on behalf of an individual client. The seller is WERTGRUND Wohnpartner GmbH, a joint venture between Wertgrund Immobilien AG and Bautra GmbH. WERTGRUND Wohnpartner is also acting as the project developer for the new neighbourhood. The Liesel Quartier development will involve the construction of around 570 apartments with a total living space of 44,000 square metres in several phases on a site covering around 37,000 square metres. Approximately 40% of the apartments will be subsidised, offered at reduced rates or subject to rent controls. Construction is set to begin in December 2025, with completion scheduled for 2027. The transaction concerns the acquisition of buildings H40 and H50 on the southern part of the construction site. They comprise a total of 118 privately financed apartments, ranging in size from 41 to 86 square metres, with a total rental area of 7,810 square metres, as well as an underground parking garage. The planned five-storey buildings will be constructed to the German Efficiency House 40 (EH 40) standard and will be connected to the district heating network operated by Göttingen’s municipal utility company. Advisers of Catella Investment Management GmbH at GSK Stockmann: Jan Kramer (lead, Real Estate Transactions & Project Development), Sascha Zentis (Real Estate Transactions & Investments), Kristina Marx, LLM (Public Law), Anna-Lena Diedrich (Real Estate), Dr Metin Tatu (Real Estate Transactions & Project Development) Contact: GSK STOCKMANN Jan Kramer Bockenheimer Landstr. 24 60323 Frankfurt am Main T +49 69 710003 - 128 F +49 69 710003-144 [email protected] Press contact: GSK STOCKMANN Christina Holl Karl-Scharnagl-Ring 8 80539 Munich T +49 89 288174-275 F +49 89 288 174-44 [email protected] GSK Stockmann is a leading independent European corporate law firm. Over 250 professionals advise German and international clients at our locations in Berlin, Frankfurt/M., Hamburg, Heidelberg, Munich, Luxembourg and London. GSK is the law firm of choice for Real Estate and Financial Services. We also have deep-rooted expertise in key sectors including Funds, Capital Markets, Public, Mobility, Energy and Healthcare. For international transactions and projects, we work together with selected reputable law firms abroad. Our advice combines an economic focus with entrepreneurial foresight. That is what is behind: Your perspective. More about us: www.gsk.de

GSK Stockmann advises Catella Investment Management GmbH (CIM) and its investment management platform Catella Real Estate AG on the acquisition of a newly built residential complex with 37 units in Berlin. The residential complex was acquired on behalf of the public real estate AIF Catella European Residential (CER). The seller is OTTO WULFF Projektentwicklung GmbH. The six-storey building comprises 37 apartments with a total living space of approximately 3,000 square metres, as well as an underground parking garage with 21 parking spaces. The property also offers 106 bicycle parking spaces. The building meets the EH 55 energy efficiency standard (KfW 55) and is connected to the local district heating network. A photovoltaic system on the roof covers part of the building’s energy requirements. Around half of the apartments are accessible for disabled tenants. The underground parking spaces are pre-fitted with cabling for the future installation of electric vehicle charging points. Completion of the residential complex is scheduled for the end of 2025. Advisers of Catella Investment Management GmbH/Catella Real Estate AG at GSK Stockmann: Jan Kramer (lead, Real Estate Transactions & Project Development), Sascha Zentis (Real Estate Transactions & Investments), Kristina Marx, LLM (Public Law), Dominik Berka (Tax), Dr Metin Tatu (Real Estate Transactions & Project Development)

AKD welcomes Harm Kerstholt as partner in its energy practice in the Netherlands. Harm brings over 25 years of experience in mergers, acquisitions, joint ventures and large-scale sustainable projects, including offshore wind, solar energy and hydrogen. With Harm’s arrival, AKD adds a strong transactional component to its energy practice, which is already renowned for its expertise in permitting, grid connections and litigation, giving the team a significant boost. Harm has witnessed first-hand how profoundly the energy sector has changed over the past decades. “Where the market was once stable and fossil-driven, it is now open, volatile and fully focused on sustainability,” he says. “Decentralised generation, grid congestion, hydrogen projects and the growing demand for electricity all require a new approach. In this dynamic landscape, it is crucial that deals and collaborations are both legally robust and flexible. With my experience I help clients seize opportunities and manage risks, ensuring that investments deliver maximum return.” His expertise and leading market position are internationally recognised, with top rankings in prestigious legal directories such as Chambers & Partners and The Legal 500. Clients describe his approach as pragmatic and results-oriented, with a strong focus on collaboration and clear explanations of complex matters. “Alone, we go fast; together, we go further. I look forward to working with the AKD team in the coming years to strengthen our reputation as the undisputed ‘go-to firm’ for strategic deals, projects and disputes in the Benelux energy sector,” says Harm. “We are delighted to welcome Harm to our team,” says Carlos Pita Cao, managing partner of AKD. “The energy sector is in the midst of a fundamental transition. For our clients this means that transactions and projects are becoming increasingly complex and strategic. With Harm on board, we are strengthening our ability to support clients in this area. His experience is an excellent match with our firm’s focus on the further expansion of our energy practice.” In recent years, AKD has played a leading role in a wide range of energy projects and transactions. The firm advises clients in the Netherlands and Belgium on the full spectrum of energy law. Within a single integrated team, the firm combines project development, transactions, permitting, financing and energy disputes. This approach makes AKD a true ‘one-stop shop’ for project developers, investors, financiers, grid operators, public authorities and energy companies navigating the energy transition. With over 500 lawyers, tax advisers, civil-law notaries and support staff in Belgium, the Netherlands and Luxembourg, AKD is a leading Benelux law firm. For our clients, we are the gateway from, to and in the Benelux. Rashida Ishaak [email protected] +31 6 11 18 97 09 AKD Wilhelminakade 1 3072AP Rotterdam www.akd.eu