22.05.2018

Luther assists Postbank in the sale of a site in Bonn

Luther Rechtsanwaltsgesellschaft advised Deutsche Postbank on a real estate transaction in Bonn. The financial services provider sold an area on Kennedyallee with more than 32,000 square meters to the project developer Gerchgroup AG.

Background

Luther Rechtsanwaltsgesellschaft advised Deutsche Postbank on a real estate transaction in Bonn. The financial services provider sold an area on Kennedyallee with more than 32,000 square meters to the project developer Gerchgroup AG.

Postbank will continue to use its administrative buildings at Kennedyallee 62-70 as tenants under a sale and lease back agreement until the planned move to new premises. A cross-location Luther team consisting of real estate and tax lawyers assisted Postbank in the transaction. The parties have agreed not to disclose the purchase price.

Following Postbank's move, the Düsseldorf project developer Gerchgroup will begin construction of a quarter. In addition to an office building and a nursery school, new living space is to be built on a large area. An investment of around 130 million euros is planned.

For Deutsche Postbank 
Luther, Real Estate: <link https: www.luther-lawfirm.com en people adviser ingo-erberich.html external-link-new-window>Ingo Erberich (Partner, lead), <link https: www.luther-lawfirm.com en people adviser michael-kunkel-llm.html external-link-new-window>Michael Kunkel (Partner), <link https: www.luther-lawfirm.com en people adviser holger-hembach-llm.html external-link-new-window>Holger Hembach (all Cologne)
Luther, Real Estate: <link https: www.luther-lawfirm.com en people adviser dr-stefan-altenschmidt-llm-nottingham.html external-link-new-window stefan>Dr. Stefan Altenschmidt (Partner), <link https: www.luther-lawfirm.com en people adviser denise-jacob.html external-link-new-window>Denise Jacob (both Düsseldorf)
Luther, Tax: <link https: www.luther-lawfirm.com en people adviser peter-fabry.html external-link-new-window>Peter Fabry (Partner), <link https: www.luther-lawfirm.com en people adviser christine-herdt.html external-link-new-window>Christine Herdt (both München)

Author
Dr Stefan Altenschmidt, LL.M. (Nottingham)

Dr Stefan Altenschmidt, LL.M. (Nottingham)
Partner
Dusseldorf
stefan.altenschmidt@luther-lawfirm.com
+49 211 5660 18737

Ingo Erberich

Ingo Erberich
Partner
Cologne
ingo.erberich@luther-lawfirm.com
+49 221 9937 25721

Michael Kunkel, LL.M.

Michael Kunkel, LL.M.
Partner
Cologne
michael.kunkel@luther-lawfirm.com
+49 221 9937 25030

Denise Helling

Denise Helling
Senior Associate
Dusseldorf
denise.helling@luther-lawfirm.com
+49 211 5660 18737