BlueIMvest’s Acquisition of Dortmund Commercial Property From REIT AG

GSK Stockmann advised BlueIMvest on the deal.

BlueIMvest has acquired a property from Hamborner REIT AG, Duisburg, as well as on the financing of the acquisition. The commercially used property with around 9,200 m² of rental space is located in Ostenhellweg, the main shopping street in the heart of Dortmund’s city centre.

The acquisition fits into the strategy of the Blue One fund launched by BlueIMvest, which focuses on the acquisition and development of properties in the city centres of Germany’s top 10 cities with an investment volume of 10 to 40 million euros. It was agreed not to disclose the purchase price. The acquisition of the property in Dortmund is Blue One’s second acquisition in Germany, following the purchase of a property in Hanover in April this year. The acquisition was financed by Deutsche Hypo / NordLB.

The GSK Stockmann team included Johann Rumetsch (Picture – lead, Real Estate Investments & Asset Management), Stefan Koser, Rebecca Comtesse (both Finance); Associates: Duc Hieu Le, Simon Rieger (both Real Estate Investments & Asset Management), Kristina Marx, Pascal Thaler (both Public Law/Projects).

Involved fees earner: Rebecca Comtesse – Gsk Stockmann; Stefan Koser – Gsk Stockmann; Duc Le – Gsk Stockmann; Kristina Marx – Gsk Stockmann; Simon Rieger – Gsk Stockmann; Johann Rumetsch – Gsk Stockmann; Pascal Thaler – Gsk Stockmann;

Law Firms: Gsk Stockmann;

Clients: BlueIMvest;

Federica Tiefenthaler

Author: Federica Tiefenthaler