KUCERA has advised the project developer OFB on the sale of two residential buildings in the three-part project Hello in the Europaviertel Darmstadt. The buyer is Bayerische Apothekerversorgung (BApV). The total area of ​​13,107.00 m² is divided into 173 apartments and a restaurant (​​243 m²). The project is expected be completed end of third quarter […]

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KUCERA has advised Groß & Partner on the sale of the office tower “99 West”-property to BNP Paribas Real Estate (BNPPRE). Located in the Westend of Frankfurt on the site of the 2014 demolished AfE tower of the University of Frankfurt, the office tower development shall commence as of summer 2018. 24,000 sqm. office space […]

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KUCERA advised Volkswohl Bund Lebensversicherung a.G. and Hanseatische Investment-Gesellschaft mbH (“HANSAINVEST”) on the purchase of the Campus Eschborn portfolio. The acquisition took place as a start investment for an open-ended special fund as an individual mandate for Volkswohl Bund Lebensversicherung a.G. Arminius Group acted as a transaction advisor and will carry out the portfolio’s asset […]

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German High Court Bundesgerichtshof (BGH) has dismissed so-called written-form-curing-clauses. With this decision BGH ruled on a long-time controversial issue. Common practice intended to hinder early termination of long term leases by deploying curing clauses. Curing clauses are incompatible with section 550 German Civil Code which is mandatory and, therefore, always void. Seen individually, these clauses  […]

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