GSK Stockmann advised Hines on the acquisition of the “ESSENtial” logistics property in Essen-Kray. A team led by Munich-based partner Andreas Eichler provided support throughout the transaction and the negotiations concerning the purchase agreement.

The “ESSENtial” logistics property comprises approximately 14,000 sqm on a site with a total area of around 35,000 sqm. The property is part of the Medion Technology Campus in Essen’s Kray district. Upon its completion in 2015, the DGNB Gold-certified core property was already equipped with a geothermal energy system as well as a ventilation system with heat recovery. Hines has acquired the property for its open-ended Hines European Core Fund (HECF).

Advisers of Hines at GSK Stockmann:

Dr Andreas Eichler (lead, Real Estate Transactions & Investments), Katharina Feierabend, Bassem Kerbouche (both Real Estate Transactions & Investments), Franziska Pompejus (Public Law)