GSK Stockmann advised GIEAG Immobilien AG on the financing for the construction of 218 new apartments in Karlsruhe via an international consortium of investors led by Crestline Investors, Inc. and Tite Street Capital.
GIEAG Immobilien AG is moving ahead with the KWARTIER HOMES residential project in Karlsruhe’s Südstadt district. Comprising 218 apartments, expansive outdoor spaces, and three basement levels, including two for underground parking, KWARTIER HOMES is one of the most significant residential construction projects in the region.
A GSK Stockmann team led by Munich partner Mechtild-Maria Siebke advised GIEAG on the project financing. Crestline Investors, together with its investment partner Tite Street Capital, secured full financing for the project via an international consortium of investors. Crestline Investors is a global institutional investment company with total assets under management of around USD 18 billion. Financial service provider Prime Capital also advised GIEAG in connection with the financing.
Advisers of GIEAG Immobilien AG at GSK Stockmann:
Dr Mechtild-Maria Siebke (lead, Finance), Andreas Dimmling (Corporate/Restructuring), Stephan Wachsmuth, Dominik Berka (both Tax); Associates: Marcel Alexander Buss (Finance), Theodor Lammich (Corporate/Restructuring)
