[Berlin, 2017-07-03] GORG Partnerschaft von Rechtsanwalten mbB advised WealthCap on the sale of the City Carre shopping centre and office building complex located on Ernst-Reuter-Allee and Otto-von-Guericke-Strasse in Magdeburg. The GORG team headed by Jan Lindner-Figura, which included in particular Silvio Sittner, advised WealthCap on the negotiation of the design and execution of the purchase agreement.

Built in 1997, Magdeburg's City Carre consists of a total of six building units in the centre of the city. Because of its location, the City Carre retail arcade links the city's main train station with downtown Magdeburg. Approximately 95 percent of some 129,000 sq. m. of the office, retail and warehouse space has been rented. In addition, the property has an underground garage with over 1,600 parking spaces for automobiles.

The sale of the property by WealthCap is one of a large number of transactions that have recently impacted the German real estate market. GORG regularly advises clients in connection with the acquisition or sale of larger office complexes and shopping centres, including most recently the purchase of the "Neue Mitte Furth" shopping centre, the purchase of the "Charlottenstrasse 13" office and commercial building in Berlin and the sale of the Kaufhof headquarters location in Cologne.
Advisors to WealthCap

In-house
Angela Sturm, Law & Compliance
Susanne Pelz, Law & Compliance

GORG Partnerschaft von Rechtsanwalten mbB
Jan Lindner-Figura, Lead Partner, Real Estate, Berlin
Silvio Sittner, Partner, Real Estate, Berlin
Daniel Seibt, Partner, Real Estate, Berlin
Kirstin Schumann-Kleber, Partner, Finance, Berlin
Dr. Wibke Schumacher, Partner, Tax, Cologne
Michael Winkelhog, Associate, Tax, Cologne