Stuttgart – Savills Investment Management (Savills IM) has sold a 16,000 square metre office property in Hamburg to the Cells Group. The Cells Group is acquiring the Atrium Office building at Glock­en­gießer­wall 21/22 in Hamburg on behalf of Kuwait’s sovereign wealth fund. Located between the main railway station and the city centre, Atrium Office comprises a her­it­age-pro­tec­ted building constructed in 1908 and an annex that was refurbished in the 1990s. Up to now, the property was part of special fund Savills IM Real Invest 1. The parties have scheduled the transfer of rights and liabilities for the first quarter of 2024.A CMS team headed by partner Dr Volker Zerr advised Savills IM on all legal and tax aspects of the transaction. The CMS team regularly advises Savills on real estate transactions, with a recent example being the sale of a superstore in Berlin-Spandau on behalf of the European Retail Fund (ERF). CMS Germany Dr Volker Zerr, Lead Partner Sandra Scheib, Coun­sel Jac­queline Terhöven, Counsel, all Real Estate & Public Tobias Schneider, Partner, TaxPress Con­tact presse@cms-hs. com

Stuttgart – Ulmer Posthöfe GmbH, part of the real estate arm of the Merckle Group, has acquired a Telekom property in Ulm from Demire. The property at Bahnhofplatz 2, Olgastraße 63 and 67 and Zeit­blom­straße...

Stuttgart – Allianz Real Estate GmbH has sold Hindenburg House, a residential and commercial building in Hamburg’s Old Town, to Quest Investment Partners, an investment and project development company...

Stuttgart – DIC Asset AG has acquired Gate 9, a multi-tenant office building located in Lein­felden-Ech­terdin­gen near Stuttgart, from a project company belonging to Thallos AG. The purchase price for...

Stuttgart – Allianz Real Estate has acquired the NM28 office building in Munich from Bertelsmann for EUR 214 million in a sale-and-lease­back transaction. By making this acquisition, Allianz is seeking...

Stuttgart – Automotive supplier MAHLE has acquired Munich-based transmission specialist ZG-Zahnräder und Getriebe GmbH. MAHLE will use the acquisition to expand its expertise in complete powertrains...

Stuttgart – Italian measurement technology specialist Marposs S.p.A. has acquired the long-established Thuringia-based company Lehren- und Meßgerätewerk Schmalkalden GmbH by way of a share deal. The...

Stut­tgart/Ham­burg – The GRR Group has acquired a retail portfolio for around EUR 150 million on behalf of GRR German Retail Fund No. 3, a new investment fund for retail real estate. The portfolio comprises...

Stuttgart – State-owned foundation Baden-Württem­berg Stiftung has acquired the MercedesBenz Bank building in the Pragsattel district of Stuttgart. The property offers more than 23,700 square metres...

Stuttgart – Allianz Real Estate has acquired the Kap West office development project in Munich on behalf of various Allianz companies. The vendor is Frankfurt-based OFB Pro­jek­tentwicklungs GmbH, and...