GSK Stockmann advised IMAXXAM Asset Management GmbH on the acquisition of an office property in the heart of Berlin’s Friedrichshain neighbourhood. The property has been added to the portfolio of IMAXXAM’s German Small Asset Invest (GSAI) fund.
Built in 2007 and modernised in 2022, the building at Stralauer Allee 6 benefits from excellent transport links and a central location between Berlin’s fastest growing districts. The building, which is located directly on the banks of the Spree river and has an floor area of approx. 7,451 sqm and 106 parking spaces, has been let to a major tenant on a long-term lease.
Located on a 3.7 km stretch of riverbank, the Mediaspree site is one of the largest investment projects in Germany, attracting a wide variety of companies from the fields of innovation and communications to open offices there. IMAXXAM’s long-term sustainability concept is supported by compliance with the CRREM path set by the EU until 2040.
The seller of the property was AEW Invest GmbH, based in Düsseldorf. The transaction was concluded as an asset deal via the asset management company Institutional Investment-Partners, acting on behalf of a special AIF.
A GSK Stockmann team led by Munich-based real estate lawyer Stefan J. Schlapka provided IMAXXAM with comprehensive legal and tax advice on the transaction. The entire legal due diligence process was managed by Maximiliane Bartsch.
Advisers of IMAXXAM Asset Management GmbH:
GSK Stockmann: Stefan J. Schlapka (lead, real estate investments and asset management), Dennis Stenzel (investment law), Maximiliane Bartsch (real estate investments and asset management), Franziska Pompejus (public law), Esther Seibt-Pfitzner and Sebastian Gerhards (both tax law)
