GIEAG Immobilien AG (GIEAG), a project developer operating nation-wide throughout Germany, has successfully sold a property with an area of just under 150,000 square metres. The buyer is a German SME. The parties have agreed not to disclose the purchase price.
The property is an industrial and commercial site that has been owned by the GIEAG Group for many years and consists mainly of sealed open spaces that were previously used as car parking areas. “We have been able to benefit from this site for many years. Due to strategic changes at the tenant, however, talks were held at short notice, which ultimately led to the disposal,” as Benjamin Johansson, CEO of GIEAG, explains.
The property is located in the municipality of Emmering in the Upper Bavarian district of Fürstenfeldbruck, situated around 25 kilometres west of Munich. Emmering is an established automotive logistics location.
The law firm GSK Stockmann assisted GIEAG as legal counsel in this transaction.
GIEAG Immobilien AG
Benjamin Johansson
Nymphenburger Straße 64
80335 München
info@gieag.de
+49 89 290516-0
GIEAG is a Munich real estate stock corporation. By combining the three asset classes - office, residential, logistics - and the two service areas of development and portfolio management, the company offers stability that is unique in the market. The GIEAG team of experts is a guarantor for innovative and forward-looking concepts.
Over the past 25 years, GIEAG Immobilien AG has developed and optimised a large number of real estate projects with areas of up to 145,000 square metres and an individual investment sum of 15 to 150 million euros. Partnership, transaction security, perseverance and speed are the basis of sustainable value development for GIEAG.
