Dr. Daniel Graske

Taylor Wessing advises Insolvency Administrator on the sale of the Veritas Group to HDT Automotive Solutions

The US based supplier HDT Automotive Solutions is acquiring in the course of the insolvency proceedings the German automotive and industrial supplier including the international subsidiaries in Asia, North America and Europe.

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.