GSK Stockmann advised DZ HYP AG on the financing of the Upper West high-rise building in Berlin-Charlottenburg. The buyer is Schoeller Group GmbH, based in Pullach near Munich.
Upper West is located directly on Berlin’s Breitscheidplatz, opposite Kaiser Wilhelm Memorial Church and just a stone’s throw from the city’s famous shopping boulevard, Kurfürstendamm. At around 120 metres high, it is one of the tallest buildings in Berlin. The building’s distinctive glass and steel façade makes it a striking part of the city’s skyline.
The building also meets high standards in terms of urban development and sustainability. Upper West combines office and retail space, as well as a Motel One flagship hotel with 582 rooms over 19 floors. The building is DGNB Gold & LEED Platinum certified.
A GSK Stockmann team led by Munich partner Alma Franke advised DZ HYP on financing the purchase transaction.
Advisers of DZ HYP AG at GSK Stockmann:
Dr Alma Franke (lead), Dr Mechtild-Maria Siebke, Marcel Buss, Beatrice Christina Dörr (all finance), Robert Korndörfer, Dr Raoul Kreide, Matti Kamer (both corporate), Stefan Schlapka (real estate law/hospitality), Andreas Heinzmann, Hawa Mahamoud, Eva Jean (corporate/finance, Luxembourg)