Our Munich real estate team have advised long standing client TIAA Henderson on the sale of a retail property in Lübeck, Germany with approx. 10.600 m² leased area.
The property is leased to various tenants, inter alia EDEKA and Staples as anchor tenants and was sold to a special fund, represented by GPEP and Universal-Investment. Both sides have agreed to maintain confidentiality regarding the purchase price.
Advisor TIAA Henderson:
Reed Smith: Dr. Etienne Richthammer, Sabine Meinert, LL.M. and Dr. Sarah Helml, LL.M. (all Munich)
Advisor GPEP/Universal-Investment:
DTZ, Frankfurt
Dr. Hansen Rechtsanwälte