Environmental, planning & regulatory

NORD Holding on the acquisition of Zentrum Gesundheit Group

NORD Holding, a leading private equity house, on the acquisition of the majority interest in Zentrum Gesundheit Group, a leading German group of ophthalmic surgery and diagnostic centres, from Waterland Private Equity. NORD Holding, together with the management and medical team, acquired a stake as a new partner and majority shareholder. In this deal the Taylor Wessing team again demonstrated its interdisciplinary expertise in the areas of healthcare M&A, regulatory and acquisition financing.

Purchase of an under construction office complex near Berlin

Savills Investment Management (Savills IM) on the purchase of the "NUBIS" office complex in the Adlershof Science and Technology Park in Berlin, some of which is still under construction. The international real estate investment firm Savills IM has acquired the properties for its Savills IM European Commercial Fund (ECF). The transaction is part of an asset deal with Project Immobilien Gewerbe AG. The ensemble consists of three independent multi-tenant buildings with modern and flexible office space. A total of around 17,200 square metres of lettable space are spread across five to six floors. Each house has its own underground car park with a total of 86 parking spaces. The first building has already been completed and occupied by the tenants. The other two properties will be transferred to the Fund's portfolio when it is successively completed in the first half of 2019. In total, long-term leases have already been signed for more than 90 percent of the space. The main tenants are VBU Verkehrsbau Union Berlin GmbH (Eurovia) and TECHEM Energy Services GmbH.

Württembergische Krankenversicherung on the acquisition of a hotel building in Darmstadt

Württembergische Krankenversicherung on their purchase of a planned Holiday-Inn-Express-Hotel in Darmstadt. The seller of the building, which is located in the immediate vicinity of the main railway station, is the project developer Merlin Capital. According to the Hamburg developer, the investment sum for the property, which has nearly 7,300 square meters of usable space, amounts to €14m. The parent company of the health insurer, Wüstenrot & Württembergische, named Tristar GmbH as the long-term tenant of the house with 157 rooms. According to the landlord, construction on the site is imminent, with completion scheduled for spring 2020.