Swiss real estate investor Gold Tree has acquired the new Telekom call centre in Leipzig for an undisclosed amount.
Swiss real estate investor Gold Tree has acquired the new Telekom call centre in Leipzig for an undisclosed amount.
Gold Tree Group has joined forces with the BlueRock Fund to buy the shares in the company that owns the asset from Dutch developer Ten Brinke.
The buyers signed a preliminary agreement for the asset in the spring of 2013, with closing of the deal carried out at the end of last year after completion of the final phase of the project.
ITB Office Leipzig is located near the city's central train station, and houses 900 Deutsche Telekom employees.
Gold Tree is an international investor headquartered in Zurich, which invests in commercial real estate mainly in Germany and Switzerland. BlueRock is a Gibraltar-based real estate fund launched by Swiss wealth managers.
Gold Tree and Blue Rock were jointly advised by Heuking Kühn Lüer Wojtek and Orrick, Herrington & Sutcliffe.
Ten Brinke was advised by Anton Fenk (in-house).
