Swiss investor purchases Sky's German HQ

Swiss real estate investor Gold Tree has purchased the German corporate headquarters of pay-television group Sky near Munich.

German fund manager Commerz Real sold the 30,000 m2 building located in Unterföhring for €50 mln.

Catella Property Group acted for Commerz Real.

Commerz Real had developed the property on a leasehold basis to accommodate 1,000 employees of Sky Deutschland.

Catella's Corporate Finance team initiated the restructuring of the leasehold as part of the transaction and mediated access to bank financing.