Heuking Kühn Lüer Wojtek, with a team led by Dr. Michael Dröge and Dr. Sönke Görgens, both from the law firm's Hamburg office, advised issuing house WealthCap on the acquisition of the multi-tenant office complex Twin Yards. Anchor tenant Porr Deutschland GmbH will remain in the complex in Munich's garden city of Parkstadt Schwabing. The purchase price for the office space of some 14,000 square meters and storage space of about 350 square meters was not disclosed.
Twin Yards is sought after not least because of its accessibility: It is the last available office plot in the garden city in immediate vicinity to renowned companies. The property is to be included in a portfolio, which will be structured for institutional investors.
Heuking Kühn Lüer Wojtek advises WealthCap on a regular basis, most recently on the acquisition of office properties in Munich, including Campus M.
Counsel to WealthCap
Heuking Kühn Lüer Wojtek:
Dr. Michael Dröge,
Dr. Sönke Görgens (Real Estate/Public Construction, Hamburg, both Lead),
Dr. Kai Erhardt (Finance),
Fabian Meiß (Real Estate),
Fabian G. Gaffron (Tax), all Hamburg.
Gilbert Toepffer (Construction Law), Chemnitz,
Marcus Kohlstrunk (Tenancy Law), Munich
Dr. Susanne Stauder (Compliance), Düsseldorf