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A GSK Stockmann team led by Michael Jani provided comprehensive advice on real estate, tax, investment and insurance law to the Hamburg-based investment and asset manager FONDSGRUND Investment in connection with the acquisition of the “Netzwerk” office property in Regensburg for HIH Invest Real Estate and a club of German institutional investors.
Built in 2011, the complex comprises around 28,500 sqm of office space and 600 parking spaces. The property is DGNB Platinum certified and leased on a long-term basis to the supra-regional grid operator Bayernwerk Netz GmbH, a wholly owned subsidiary of E.ON, for use as its headquarters. The seller is the Munich-based Real I.S.
GSK Stockmann has been advising FONDSGRUND since it was established in January 2022. For 2023, FONDSGRUND is planning an anti-cyclical transaction volume of 400 million euros.
A GSK Stockmann team of lawyers across multiple sectors and locations led by Hamburg-based partner Michael Jani supported the off-market deal both in the preparation and execution of the club deal as well as with regard to all issues concerning the W&I insurance cover provided in conjunction with the transaction.
Advisers of FONDSGRUND:
GSK Stockmann: Michael Jani (real estate, lead), Petra Eckl, Dominik Berka (both tax), Felix Schill (tax and insurance), Max Wilmanns (corporate), Robert Kramer (supervisory law); associates: Robin Koza (real estate), Nicolas Hoffmann (projects & public sector), Marc Nostitz (tax).
25 May 2023