With a team led by Dr. Thorsten Kuthe, Partner at the firm's Cologne office, Heuking Kühn Lüer Wojtek advised GxP German Properties AG on a combined cash and capital increase. As a result of the new share issue, the shares in German Investment Management Holding GmbH, which is currently operating on the market with its subsidiary GxP Asset Management GmbH, were contributed in kind. At the same time, a cash capital increase with issue proceeds of EUR 27 million was carried out.
With the cash capital increase, GxP German Properties acquires ten commercial properties worth EUR 120.3 million. The company will also move to the Entry Standard.
Berlin-based GxP German Properties AG focuses on the acquisition, holding, and asset management of office and retail properties in Germany. The focus lies on commercial real estate in metropolitan regions and some medium-sized German cities.
Counsel to GxP German Properties AG
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead),
Christopher Görtz, both Cologne
Miriam Schäfer (all Capital Markets), Düsseldorf
Felicitas Boehm, LL.M. Taxation (Supervisory), Cologne