GSK Stockmann advised Siemens AG on the sale of shares as part of a share deal and lease agreement between Siemens and Union Investment.
Module 2 of the Siemens Campus in Erlangen will provide approximately 77,600 square metres of space for around 4,500 workstations. In addition to the reception building, four further office buildings and three multi-storey car parks are being built. The ensemble is the largest wood hybrid building project in Germany and is expected to achieve CO2 savings of up to 80 per cent.
With a team led by real estate partner Dirk Brückner and corporate partner Andreas Dimmling, GSK Stockmann provided comprehensive advice to Siemens on the sale of shares as part of a share deal with Union Investment. In addition, the firm advised on the conclusion of a lease agreement for 77,600 sqm of rental space as part of this deal.
Advisers of Siemens AG:
GSK Stockmann: Dirk Brückner, Andreas Dimmling (both Real Estate Investments & Asset Management, lead), Dirk Koch (Tax), Stefan Dorn (building contracts), Christoph Strelczyk, Nadine Wachendorf (both Real Estate Transactions & Investments); Associates: Katharina Feierabend (Real Estate Asset Management), Stephan Wachsmuth, Sebastian Gerhards (both Tax), Sandra Krepler (M&A), Florian Vogl (Real Estate Transactions & Investments)