GSK Stockmann | View firm profile
GSK Stockmann provided ongoing advice to Merz Objektbau GmbH throughout the project, as well as on the sale by way of a forward deal of a residential development already under construction on Kleebühlweg in Heidenheim-Nord. The buyer, VALUES Real Estate, intends to incorporate the project into the newly launched “VALUES Impact Living” fund for subsidised housing (special AIF in accordance with Art. 9 SFDR).
The new residential quarter will comprise around 4,380 sqm of rental space, containing a total of 61 one- to five-room flats and the corresponding number of parking spaces. Completion is scheduled for the second quarter of 2026. The project will be constructed using a serial timber hybrid method and has been designed to meet the KfW 40 energy efficiency standard. All flats will be wheelchair accessible and have balconies or terraces and fitted kitchens. The focus is on providing housing for middle-class tenants who are eligible for subsidised housing (WBS). The starting rent is EUR 8.50 per square metre, around 40% below the comparative rent for the local area. VALUES Real Estate plans to integrate the project into its ESG-focused investment strategy, which prioritises projects with a strong social and environmental impact.
Advisers of Merz Objektbau at GSK Stockmann:
Dr Olaf Schmechel (lead, Real Estate Investments & Asset Management), Çağlayan Birkan (Real Estate Investments & Asset Management), Frank-Florian Seifert (Public Law), Dr Oda Wedemeyer (Construction Law), Rebecca Comtesse (Financing/Subsidies)
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
