A GSK Stockmann team led by Munich partners Andreas Eichler (Real Estate) and Marcel Vietor (Corporate) advised Hines on the purchase of a logistics centre near Frankfurt Airport with a team.
The team advised on the due diligence as well as the transaction itself, which was conducted via a share deal.
The logistics building is located in a prime location in the Rhine-Main logistics region, close to Frankfurt Airport. Completed in 2016, the 38,000 sqm property offers both standard temperature storage areas and temperature-controlled areas for sensitive goods. The property meets high building standards and is fully let.
Hines is acquiring the property for its open-ended “Hines European Core Fund” (HECF). The parties have agreed to keep the purchase price confidential.
Advisers of Hines at GSK Stockmann:
Andreas Eichler, Marcel Vietor (joint lead, Real Estate Transactions & Investments/Corporate), Kerstin von Staa (Public), Rebecca Comtesse (Finance), Andrea Nowak (Corporate), Bassem Kerbouche (Real Estate Transactions & Investments)
