GSK Stockmann advised IMAXXAM Asset Management GmbH on the acquisition of a portfolio of eight office buildings valued at approximately EUR 180 million.

The seller of the portfolio is Frankfurt-based NAS Real Investment Management GmbH. The eight buildings comprising offices and medical centres are part of the portfolio of the joint venture “BR-NAS German Mittelstand”, which NAS had built up together with BlueRock since 2017. The buildings and are located in Berlin, Dresden, Dortmund, Essen, Hamburg, Hanover, Karlsruhe and Wiesbaden and were constructed between 1970 and 2003. The portfolio comprises a total of approx. 84,350 sqm of rental space. The purchase was made for four different Union Investment special funds.

Tenants include medium-sized companies from the IT and life sciences segments and public administration, as well as large corporations such as Siemens. The portfolio is currently more than 97% let. The average remaining rental period is more than four years with extension options for more than eight years.

The GSK Stockmann team led by Munich real estate partner Stefan J. Schlapka provided IMAXXAM with comprehensive advice on the transaction, in particular regarding the legal and tax due diligence as well as legal and tax advice on the purchase agreement.

Adviser IMAXXAM Asset Management GmbH:

GSK Stockmann: Stefan J. Schlapka (lead, Real Estate Transactions and Investments), Dirk Koch (Tax); Associates: Maximiliane Bartsch, Katharina Feierabend, Benjamin Scheuber, Nicola Mauck, Florian Pletschacher (all Real Estate Transactions and Investments), Theresa Jakob, Timo Aust, Eva Linde, Fabian Halbgewachs, Franziska Pompejus, (all Project Development), Esther Seibt-Pfitzner, Stephan Wachsmuth, Sebastian Gerhards (all Tax)



Stefan J. Schlapka

Karl-Scharnagl-Ring 8

80539 Munich

T +49 89 288174 -75

F +49 89 288174-44

Press contact:


Karl-Scharnagl-Ring 8

80539 Munich

T +49 89 288174-275

F +49 89 203907-44

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.

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