Centerscape’s Acquisition of Food Retail Property in Stuttgart

GSK Stockmann advised Centerscape.

The real estate investor Centerscape acquired a food retail property in the west of Stuttgart from KB Projekt Zwei GmbH.

The established supermarket near Hölderlinplatz takes up a total rental space of approx. 750 m² and is let on a long-term basis to the discount supermarket chain Netto. The property is centrally located in a residential district accessible by public transport and features an underground parking space.

Centerscape is a leading investor, developer, owner and manager of predominantly food-anchored retail properties in Germany, Poland and the Czech Republic. Since its foundation in 2007, the Centerscape group has selectively built up a strong real estate portfolio valued at approximately 915 million euros with a total of over 200 properties, over 30 of which are located in the Berlin area.

GSK Stockmann team was led by Philip Huperz (Picture) and included André Morgenstern, Kristina Marx, Nika Richard, Dominik Berka and Felix Schill.

Involved fees earner: Dominik Berka – Gsk Stockmann; Philip Huperz – Gsk Stockmann; Kristina Marx – Gsk Stockmann; André Morgenstern – Gsk Stockmann; Nika Richard – Gsk Stockmann;

Law Firms: Gsk Stockmann;

Clients: Centerscape;