GSK Stockmann advised MB Park Deutschland GmbH and Isarkies Wohn- und Gewerbegrund Holding GmbH on the sale of two properties in Idstein im Taunus.

Frankfurt-based Local Partner Felix Bergfort was the lead on the project for GSK Stockmann, supported by Karolin Streser.

The first of the two properties sold is a logistics facility and part of the first construction phase of a brownfield development. The building, located at Richard-Klinger-Strasse 8b, was completed and handed over to the tenant in June 2024. Built in accordance with the DGNB Gold sustainability standard, the logistics building comprises 10,630 sqm of warehouse space as well as 870 sqm of mezzanine space and 810 sqm of office and recreational space. The 23,700 sqm site also offers users 80 car parking spaces. Ownership of the logistics complex, which is let on a long-term lease to Ernst Schmitz Logistics & Technical Services GmbH, was transferred to a family office based in the Rhine-Main region in August 2024.

The second property, a production building located on a 5,650 sqm site at Richard-Klinger-Strasse 8a, was sold to a local investor. Completed in 2016, the existing building has 2,000 sqm of production, warehouse and office space and will be used by ElringKlinger AG on a long-term basis.

MB Park and Isarkies carried out the sale as a joint venture. The total sale price for both properties was approximately 23 million euros.

Advisers of MB Park Deutschland GmbH/Isarkies GmbH & Co. KG at GSK Stockmann:

Felix Bergfort (lead), Karolin Streser (both Real Estate Transactions & Investments)