GSK Stockmann provided comprehensive advice to Stuttgart-based Deutsche Fonds Holding GmbH on the sale of the historic building complex in Cottbus. The buyer is a family office based in Berlin.
The “Quartier am Schlosskirchplatz” consists of a 19th-century building complex and a newer section from 1994 and has space for a hotel, 17 shops, 19 offices, 23 apartments and a gym. The main tenant is the SORAT Hotel, occupying around 35% of the available rental space with a lease term until the end of 2032. The complex has a total lettable area of more than 11,500 sqm and an underground garage with around 100 car parking spaces.
The seller, Deutsche Fonds Holding GmbH, has been initiating, placing and managing closed-end real estate funds and asset structure funds for private and institutional investors alike since 1992. Since its foundation, the company has successfully executed 97 transactions with an investment volume of around 12.8 billion euros on the market.
A GSK Stockmann team led by real estate partner Martin Prothmann provided comprehensive legal advice to Deutsche Fonds Holding GmbH. The parties have agreed to keep the purchase price confidential.
Advisers of Deutsche Fonds Holding GmbH:
GSK Stockmann: Martin Prothmann (Real Estate Transactions & Investments, lead), Dirk Koch, Sebastian Gerhards (both Tax), Simon Rieger (Real Estate Transactions & Investments)
