Deka Immobilien acquires urban quarter in the heart of Cologne – advised by HEUKING on tax aspects
Deka Immobilien has acquired the “Gerling Garden” office and hotel complex in central Cologne on behalf of its public real estate fund Deka-Immobilien Europa from a joint venture between Quantum and PROXIMUS. The parties have agreed not to disclose the purchase price. A HEUKING team led by Dr. Henrik Lay legally advised Deka Immobilien on the tax aspects of the transaction.
“Gerling Garden” is a revitalized, listed ensemble in the heart of Cologne, combining contemporary office and retail space, restaurants, a 207-room hotel (“The Circle”), and landscaped inner courtyards and roof terraces. The district blends architectural elements from the 1950s and 1960s with sustainable upgrades and newly created terraces, transforming the former Gerling site into a vibrant, forward-looking urban quarter.
Counsel to Deka Immobilien
HEUKING:
Dr. Henrik Lay (Lead),
Oliver Kammerer (both Tax), both Hamburg
