GSK Stockmann + Kollegen advised Deka Immobilien on the sale of the office building Twenty 8 to an Axa Real Estate Investment Managers’ fund.

Located at Oberanger 28 the property belonged to the open-ended fund WestInvest Interselect of Deka and offers 4,200 sqm office spaces, 82 parking spaces and ap-proximately 560 sqm retail spaces which amongst others are rented to a restaurant. The financial services provider MLP is the main tenant of the office spaces.

The property built in 1966 was acquired by Deka after its revitalisation in 2001. Deka indicates a market value of EUR 31,63 Mio. as of 31.12.2014.

GSK Stockmann + Kollegen comprehensively advised Deka Immobilien on the sale by way of an asset deal.

Adviser Deka Immobilien:
GSK STOCKMANN + KOLLEGEN: Dr. Michael Eggersberger (lead),
Monique Franke (both Real Estate); Associates: Julia StraBer (Real Estate).