GSK Stockmann advised the GRR Group on the acquisition of a discount supermarket in Bruchhausen. The property was acquired for the GRR Future Retail Properties 1 fund.
The GRR Group is an expert in basic retail with a focus on retail properties for local amenities held both in special funds and in its own portfolio. Founded in 2005, the group currently has 85 employees in Nuremberg, manages assets of 1.95 billion euros and has five real estate funds of its own.
The seller of the property is Ratisbona Handelsimmobilien, headquartered in Regensburg. The transaction was carried out by way of an asset deal. Ratisbona is the market leader for sustainable project development in Germany and focuses exclusively on retail real estate.
The purchase was completed on 1 August 2023. The store located in Lower Saxony is let to Netto on a long-term basis and, following extensive modernisation, is an excellent fit for the ecological requirement profile of the new GRR Future Retail Properties 1 special fund. The property is designed to be ecologically sustainable and has recently been equipped with fast charging stations and a separate photovoltaic system on the roof. Both parties have agreed not to disclose the purchase price.
A GSK Stockmann team consisting of Philip Huperz, Kristina Marx, Julia Jacobs, Nika Richard, Dominik Berka and Marc Nostitz provided comprehensive legal and tax advice to the GRR Group with regard to the negotiations, closing and completion of the transaction.
Advisers of the GRR Group:
GSK Stockmann: Philip Huperz (lead), Julia Jacobs (both real estate law), Kristina Marx, Nika Richard (both public law), Dominik Berka and Marc Nostitz (both tax law)
