McDermott advises VALUES Real Estate on the purchase of the “Industriepalast” in Leipzig
McDermott Will & Emery advised VALUES Real Estate on the purchase of the approx. 25,400 sqm “Industriepalast” in Leipzig from the fund EPISO 5 managed by Tristan Capital Partners and the KAURI CAB Group.
The “Industriepalast”, acquired by VALUES Real Estate for an institutional investor, is located in the historic Graphisches Viertel in the direct vicinity of Leipzig’s main railway station. The main tenant is Deutsche Bahn, which rents 70% of the space. The Industriepalast was built in 1913 and has been the headquarters for well-known companies since the beginning.
“The Industriepalast is a historic architectural icon of the Graphisches Viertel in an excellent location in Leipzig. The city has been characterized by enormous dynamism for years. Its central location, the good building quality and the favorable socio-demographic factors in Leipzig make the Industriepalast a safe investment with potential,” says Dr. Carsten Fischer, CEO and Managing Partner at VALUES Real Estate.
Advisors VALUES Real Estate – McDermott Will & Emery: Dr. Jens Ortmanns, Thomas Beisken (Partner, Lead, Real Estate, Düsseldorf), Dr. Alexa Ningelgen (Partner, Public Law, Düsseldorf), Marcus Fischer (Counsel, Tax Law, Frankfurt), Adrian Helfenstein, Lene Niemeier and Alina Affeld (all Associates, Düsseldorf).
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