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Press release

Schilling, Zutt & Anschütz advises on the sale of the SAP-Towers in Eschborn

Press Release Real Estate - 


Schilling, Zutt & Anschütz has advised two investor consortia formed by Neo Capital Limited, London and Dubai, on the sale of the SAP-Tower in Eschborn by way of a share deal. As the sole lessee, SAP uses the property, among other things, as a sales and demonstration center in connection with "SAP Digital Studio".

The buyer is a subsidiary of DIC Asset AG, a listed real estate company specializing in commercial real estate. DIC Asset AG estimates its total investment costs for the property at around EUR 69 million. The transaction is one of the first major commercial real estate transactions since the lockdown due to the Corona crisis.

Neo Capital Limited was founded in 2015 and is an independent investment advisory and asset management company based in London and Dubai. In 2018, the company acquired the SAP-Tower in Eschborn by way of a forward deal. At that time, Neo Capital Limited was already advised by a team led by SZA partner Dr. Max Hirschberger. The investors relied on the expertise of SZA’s real estate team again for the sale. SZA advised on all legal and tax aspects of the sale as well as the refinancing of the company.

Advisor to Neo Capital Limited: Schilling, Zutt & Anschütz
Dr. Max Hirschberger (lead, Real Estate/M&A), Dr. Christoph Allmendinger (Real Estate/M&A), Dr. Alexia Wahl, Dr. Alexander Seyb, Florian Knerr and Dr. Fabian Ibel (all Real Estate/M&A), Dr. Andreas Herr (Finance), Dr. Rolf Schmich (Tax).

 

SZA Schilling, Zutt & Anschütz Rechtsanwaltsgesellschaft mbH

Schilling, Zutt & Anschütz has been one of the most respected German business law firms for almost one century. With approximately 100 lawyers and offices in Frankfurt, Mannheim, Munich, and Brussels, the firm advises national and international clients on complex legal issues arising in business, in particular in the areas of corporate law, M&A, compliance, capital markets, real estate, insolvency, employment law, antitrust, intellectual property, litigation, tax, private clients and public law.

 

FILES:
20-07-10_SZA_Press_Release_SAP-Tower.pdf 227 KB