[Berlin, ] GÖRG Partnerschaft von Rechtsanwälten mbB advised Deka Immobilien when it sold the Coca-Cola building in Berlin-Friedrichshain to Rockspring Property Investment Managers LLP, which acquired the property for the special assets of PanEuropean Property Limited Partnership through a structured sale. The GÖRG team headed by real estate partner Georg Christian Reuter guided Deka through the transaction from the initial preparatory phase up to the design and negotiation of the purchase agreement.
The building, which features attractive architecture and was awarded the LEED Gold Certificate for sustainable construction, was completed in the spring of 2013. It is centrally located on the northern bank of the Spree in the heart of the Mediaspree Project, where many media and creative companies have set up shop. Coca-Cola’s German headquarters offices occupy the entire building, which has approximately 9,500 sq. m. of office space that houses modern workstations for some 550 employees. The purchase price was approximately € 60 million, which was significantly higher than the price originally paid by Deka Immobilien to acquire the property.
Background:
GÖRG real estate partners Jan Lindner-Figura and Georg Christian Reuter had already advised Deka Immobilien when it first acquired the property in the year 2012. At the time, the building was acquired from Hochtief Projektentwicklung GmbH as a development project.
The sale of the Coca-Cola headquarters location by Deka is one of a large number of transactions that are currently impacting the German real estate market. GÖRG regularly advises Deka Immobilien in connection with the acquisition or disposal of real estate holdings and portfolios, including larger office complexes and shopping centres.
Deka advisors
GÖRG Partnerschaft von Rechtsanwälten mbB
Georg Christian Reuter, LL.M., Partner, Real Estate Law, Berlin
Johannes Friedrich Hobrecht, Associate, Real Estate Law, Berlin
Rockspring advisors
K&L Gates LLP
Dr. Florens Girardet, LL.M., Partner, Real Estate, Berlin
Stefanie Rzeniecki, LL.M. Associate, Real Estate, Berlin
