GSK Stockmann advised Art-Invest Real Estate for one of its office funds on the purchase of a multi-tenant office building in Frankfurt Ostend. The seller is Generali Real Estate S.p.A. acting on behalf of a Generali Group company. The parties agreed to keep the purchase price confidential.

The property built in 2003 at Hanauer Landstrasse 151-153 / Ferdinand-Happ-Strasse 32 near the ECB has an area of 8,400 m2 and is 85 percent let. Principal tenant is the State of Hesse as the 5. Frankfurt police department is located there. Other tenants are marketing agencies, IT service providers and medical practices.

GSK Stockmann provided comprehensive legal and tax advice to Art-Invest Real Estate on the acquisition and its financing. Johann Rumetsch who joined GSK Stockmann as a Partner in March of 2018 and has supported Art-Invest in several real estate transactions in the past was in charge of this project.

Advisers of Art-Invest Real Estate:

GSK Stockmann: Johann Rumetsch (Real Estate, lead), Sascha Zentis (investment law), Stefan Koser (Banking / Finance), Dr. Petra Eckl (Tax), Olaf Jacobsen (Real Estate); Associates: Volkan Cakir, Jan Kramer (both Real Estate), Andreas Ebert (Tax), Rebecca Comtesse (Banking / Finance)