News and developments
GSK Stockmann advises Swiss asset manager on acquiring care facility portfolio
GSK Stockmann has advised a major Swiss asset manager in Germany on the purchase of a 17,600 sqm portfolio of care facilities in southern North Rhine-Westphalia.
The asset manager is acquiring the portfolio for an institutional healthcare real estate fund. The portfolio comprises three fully inpatient care facilities with a total of 270 care places and 55 assisted living flats in Würselen, Eschweiler and Meckenheim. The properties each offer more than 5,000 square metres of usable space and have an occupancy rate of over 95%.
The portfolio comprises the following three facilities:
A GSK Stockmann team led by Berlin-based partner Philip Huperz provided comprehensive legal advice on the acquisition of the portfolio.
Advisers:
GSK Stockmann: Philip Huperz (lead), Julia Jacobs (both real estate transactions and investments), Kristina Marx, Leonie Becker, Christine Toman (public law), Dominik Berka, Marc Nostitz (tax law)
Other advisers:
IMMOTISS care GmbH, Cushman & Wakefield