Godewind Immobilien AG’s €30.5 Million Acquisition of Office Property “Sunsquare”

Goodwin advised Godewind Immobilien AG on the deal

Godewind Immobilien AG executed the acquisition of a Kirchheim-based office property “Sunsquare” from publity AG by ways of an asset deal. The transaction volume amounts to €30.5 million. The closing is expected by the end of 2018.

The main tenant of “Sunsquare”, which comprises roughly 18,000 square meters of rental space, is NetApp Deutschland GmbH. The commercial property includes 226 outside parking spaces and 155 underground parking spaces; it also has an expansion reserve of around 15,500 square meters.

“Sunsquare” is the third property that Godewind Immobilien AG, a specialist in German commercial real estate, has recently acquired. The company made its first commercial property acquisition in mid-October when it acquired two office properties with a total rental space of 29,300 square meters in Frankfurt and at Düsseldorf Airport for €73.5 million.

The Goodwin team was led by partner Marc Bohne (Picture) and associates Vivien Jost and Gleb Lidman.

Involved fees earner: Marc Bohne – Goodwin Procter; Vivien Jöst – Goodwin Procter; Gleb Lidman – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Godewind Immobilien AG;