Stuttgart – CMS has advised a technology service provider on the sale of its Flugfeld-Allee 12 site in Sindelfingen near Stuttgart to an institutional investor. A lease with a fixed term of 15 years was then concluded with the seller for the whole area, with options to extend the lease once for five years and once for three years.
A CMS team led by Dr Volker Zerr advised on all legal and tax aspects of the sale and leaseback transaction.
Constructed in 2015, the property at Flugfeld-Allee 12 is located on a site of around 30,000 square metres in the Flugfeld Böblingen/Sindelfingen mixed residential and commercial area. It comprises several buildings: 9,703 square metres of office space, an 8,081 square metre workshop fitted out for research and development, 1,628 square metres for storage and a canteen covering 1,039 square metres.
CMS Germany
Dr Volker Zerr, Lead Partner
Sandra Scheib, Counsel
Dr Kathrin Groß, Counsel
Michelle Bucher, Senior Associate, all Real Estate & Public
Dr Tobias Grau, Partner
Susanne Waldhans, Senior Associate, both Corporate/M&A
Dr Andreas Grunert, Principal Counsel, Banking, Finance & Insurance
Tobias Schneider, Partner, Tax
Press Contact
presse@cms-hs.com
