DLA Piper has advised PROJECT Immobilien Gewerbe AG on the deal.
PROJECT Immobilien Gewerbe AG executed the sale of the office and laboratory building „H-Lab“ in the Potsdam Service Science Park. PROJECT Immobilien is also acting as developer of the property. Warburg-HIH Invest Real Estate executed the investment as part of a club deal for two investors. The parties have agreed not to disclose the purchase price.
The office and laboratory complex is being built at Am Mühlenberg in Potsdam-Golm and will offer a total leasable area of around 4,600 sqm. The four-storey new building project with modern technical equipment and flexible floor plans is scheduled for completion in the 4th quarter of 2021. The long-term main tenant is the University of Potsdam. With around 2,500 employees and approximately 9,000 students, the Potsdam Science Park, which is conveniently located for transport, is one of the largest and most innovative science locations in the Berlin-Brandenburg metropolitan region.
The core team at DLA Piper was led by partner Christian Lonquich (Picture) and also included associates Sascha Ryssok and Tobias Bergner (all Real Estate, Frankfurt). The team also comprised of partner Dr. Marie-Theres Rämer, senior associate Philipp Lorberg and associate Eda Altintas (all Tax, Frankfurt).
Law Firms: DLA Piper;
Clients: PROJECT Immobilien Gewerbe AG;