DIC Asset AG’s Acquisition Of Gate 9 Building

CMS advised DIC Asset AG on all legal aspects of the transaction.

DIC Asset AG has acquired Gate 9, a multi-tenant office building located in Leinfelden-Echterdingen near Stuttgart, from a project company belonging to Thallos AG. The purchase price for the property is EUR 72 million. The office building comprises some 17,000 square metres of rental space and offers parking for 288 cars. The property is currently undergoing full refurbishment.

DIC Asset AG is a leading listed German property company specialising in commercial real estate. The company manages 186 properties with a market value of EUR 8.5 billion across all major German markets. Taking an active asset management approach, DIC Asset AG uses its proprietary, integrated real estate management platform to leverage value appreciation potential company-wide and boost revenues.

The CMS team was headed by lead partner Dr Volker Zerr (Picture), with support from Dr Martin Prothmann, Counsel, Jacqueline Terhöven, Senior Associate, Aylin Kocak, Senior Associate, Dr Elena Mackh, Senior Associate, Sandra Scheib, Senior Associate, all Real Estate & Public and Luise Uhl-Ludäscher, Principal Counsel, Tax.

Involved fees earner: Aylin Kocak – CMS Hasche Sigle; Elena Mackh – CMS Hasche Sigle; Martin Prothmann – CMS Hasche Sigle; Sandra Scheib – CMS Hasche Sigle; Jacqueline Terhöven – CMS Hasche Sigle; Luise Uhl-Ludäscher – CMS Hasche Sigle; Volker Zerr – CMS Hasche Sigle;

Law Firms: CMS Hasche Sigle;

Clients: DIC Asset AG;