Global law firm Norton Rose Fulbright has advised Munich-based real estate company Real I.S. AG on the sale of the "Oswald" office property in Stuttgart. The building comprises more than 9,000 square meters and is exclusively leased to the Thieme publishing group. The parties have agreed not to disclose the purchase price or the buyer.
The office building, which was constructed in 2003, is located in the Feuerbach district of Stuttgart. Real I.S. had acquired the building in 2008 for the Luxembourg real estate special AIF BGV III and extended the lease with Thieme on a long-term basis prior to the sale.
The Real I.S. Group is one of the leading German providers of real estate investments for private and institutional investors. It manages real estate worth approximately eight billion euros in eleven countries. Current investment focuses are Germany, Europe and Australia. In Germany, Real I.S. has asset management and property management units in Munich, Berlin, Hamburg, Jena, Leipzig and Dresden. In addition, there are international subsidiaries and representative offices in France, the Netherlands, Spain, Luxembourg and Australia.
The Norton Rose Fulbright team that provided legal and tax advice on this transaction was led by Munich partner Dr. Maren Stölting. She was supported by partners Tino Duttiné (Tax, Frankfurt), Florent Troullier (Tax, Luxembourg), Torsten Sauer (Corporate, Luxembourg), Counsel Dr. Felix Dinger (Real Estate, Hamburg), Senior Associate Jürgen Schlinkmann (Real Estate, Munich), Senior Associate Raphaële Kanoun (Tax, Luxembourg), Senior Tax Associate Julia Gallinger (Tax, Hamburg) and Associate Matthias Kemnitzer (Real Estate, Munich).
Inhouse the transaction was supervised by Thomas Elske, Head of Legal, as well as Susanne Bitzinger, In-house Tax Advisor.