"Adler Group Sells Hamburg's Iconic 'Holsten Quartier' Development Project with Legal Support from GSK Stockmann"

GSK Stockmann provided legal advice to the Adler Group in the sale of the centrally located development project "Holsten Quartier" in Hamburg-Altona. The project was sold to a Hamburg-based consortium consisting of Quantum and HanseMerkur Grundvermögen in cooperation with SAGA. The "Holsten Quartier" project spans approximately 87,000 square meters and is considered one of the most prominent developments in Hamburg due to its size and location. The Adler Group views this transaction as a strategic step to focus on the rental housing market in Berlin and further develop its portfolio there. The site in the heart of Altona is planned to be transformed into a vibrant urban neighborhood, integrating parts of the historical building structures. Upon completion, expected around 2030, the area will offer approximately 2,000 apartments for over 5,000 residents. The transaction is anticipated to be finalized in the first quarter of 2026. Lawyers from GSK Stockmann who advised the Adler Group on this transaction include: - Max Wilmanns (Corporate Real Estate) - Dennis Stenzel (Real Estate Investments, Co-Lead) - Dr. Stefan Geiger (Public Construction and Planning Law) - Kristina Marx (Public Construction and Planning Law) - Andreas Dimmling (Restructuring) - Dr. Andreas Peters (Corporate Law) - Dr. Jonas Philipp Wilkens (Private Construction and Architects Law) - Lisa Gebhard (Real Estate Investments) - Dr. Johanna Baumann-Landschein (Corporate Law) - Christina Reiber (Real Estate Transactions) - Christina Lorf (Corporate Law) - Niklas Baasch (Real Estate Asset Management) - Nicolas Hoffmann (Public Construction and Planning Law) - Yasmin Eskiocak (Public Construction and Planning Law)

"Adler Group Sells Hamburg's Iconic 'Holsten Quartier' Development Project with Legal Support from GSK Stockmann"

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