GSK Stockmann provided comprehensive advice to DKW Deutsche Kapitalwert AG on the sale of more than 11,000 sqm of land in Poing near Munich to Palfinger AG.
DKW Deutsche Kapitalwert AG, headquartered in Berlin, is a project developer with a focus on sustainable commercial properties and neighbourhoods in large and mediumsized German cities and their surrounding areas.
DKW has sold a plot of land covering more than 11,000 square metres to Palfinger AG, a listed technology and mechanical engineering company based in Bergheim near Salzburg that offers hydraulic crane and lifting solutions. Palfinger is planning to build its first flagship store in the municipality of Poing, an attractive business location to the east of Munich.
One of the reasons Palfinger chose Poing was its excellent access to the entire motorway network around Munich as well as its good public transport links. Around 1,000 regionally and globally active companies are already based in Poing.
Berlin-based real estate lawyer Andy Schaal, LL.M., at GSK Stockmann provided comprehensive advice to DKW on the sale, which was carried out as part of an asset deal.
Advisers of DKW AG:
GSK Stockmann: Andy Schaal, LL.M., Senior Associate (lead, Real Estate Transactions & Investments)
Other advisers: Adrian Birnbach, LL.M. (Taylor Wessing for Palfinger AG), BNP Paribas Real Estate (real estate agent)
BERLIN, 6 FEBRUARY 2023
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