#Real Estate

KUCERA has advised Isaria Wohnbau on the acquisition of the last vacant building site in Schwedler Carré in Frankfurt’s “Ostend”. Since 2007, a quarter for retail, offices and living has been built on the former railway site. Together with Max Baum, Isaria is developing the project “Schwedler Trio”, an ensemble consisting of two seven-storey buildings […]

KUCERA has advised the real estate company Sirius Real Estate Limited on the purchase of the formerly used by Sony Wega commercial property in Fellbach. The business park is located at the gates of Stuttgart and has a floor space of approximately 24,600 m². With this acquisition, Sirius expands its presence in the Stuttgart area […]

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 […]

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 […]

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 […]

KUCERA has advised the Al Zaman Group of Companies on the purchase of four IntercityHotels in Germany. Al Zaman is a group of companies which is based in the Oman. The seller of the hotels was the real estate investment manager Invesco Real Estate. The Hotels are located in Darmstadt, Mainz, Rostock and at the […]

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  […]