Built in 1993, the “F1” property has a total rental area of 15,000 sqm and is located in the immediate vicinity of the Pieschen S-Bahn station in Dresden. Deutsche Telekom is the main tenant, occupying 75% of the fully let building. The remaining space is shared by two specialist retailers. The buyer is a family-run company specialising in project development and real estate portfolio management looking to expand its commercial portfolio throughout Germany. The transaction was carried out via a structured sale process. A GSK Stockmann team led by Berlin-based partner Philip Huperz provided the asset manager with comprehensive legal advice in connection with the sale. Advisers: GSK Stockmann: Philip Huperz (lead), Julia Jacobs (both Real Estate Transactions & Asset Management)

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