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 – 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, 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...

Faced with the ongoing energy crisis and ESG compliance requirements, companies are constantly asking themselves how they can deal with rising electricity prices and what energy supply alternatives are available. One environmentally friendly solution is often mentioned: photovoltaic systems. In today’s podcast in the “bei­geSTEUERt” series, Dr Hendrik Arendt talks to Dr Niklas Ganssauge, Dr Sebastian Orth­mann and To­bi­as Schneider about the issues raised by PV systems in relation to real estate law, energy law & tax law.

Stuttgart – The DSV Group, the central services provider of Spar­kassen-Fin­an­z­gruppe (Savings Banks Financial Group), has acquired two phases of the W2 Campus at Synergiepark in Stuttgart’s Vaihingen...

Stuttgart – The Ver­sicher­ung­skam­mer Group has acquired the B. munich new build project, which is located close to Munich’s main railway station. The acquisition is a forward deal conducted by investment...

Stuttgart – International property investment manager Savills Investment Management (Savills IM) has advised on the acquisition of a newly constructed office and retail property at Kurfürstendamm 12...

Frankfurt/Main – Swiss firm Rieter Holding AG and Saurer Intelligent Technology Co. Ltd. have signed an agreement on the acquisition of three businesses from Saurer Spinning Solutions GmbH und Co. KG...