A team led by Dr. Peter Zimmermann and Dr. Hans Gummert advised a family office on the sale of the SportScheck building at Schildergasse in Cologne. The advice comprised the bidding process with several bidders, responses to bidders’ due diligence questions, and the drafting and negotiating of the draft purchase agreement.
DC Values Investment Management bought the building for an institutional investor. As advisor, DC Values is scheduled to assume the asset management of the property, in which SportScheck operates a branch as sole tenant. The building, constructed in 1992, has a total rental space of some 5,200 square meters and was extensively modernized in 2018.
Counsel to Family Office
Heuking Kühn Lüer Wojtek:
Dr. Peter Zimmermann,
Dr. Hans Gummert (both Lead and contract negotiations)
Marion Sangen-Emden (tax advice)
Kathrin T. Paulet (Real Estate, in particular due diligence aspects)
Dr. Florian Brombach, LL.M. (advice on contract drafting), all Düsseldorf