The KARL Group has sold the Mainpark Flörsheim to an international, institutional investor. The property in the so-called Mainpark has an area of approximately 135,000 m² and lettable space of around 75,000 m². A large section is developed with warehouse space that is under long-term leases.
The KARL Group acquired the property southwest of Frankfurt in 2014. The company subsequently invested in technical facilities, the substance of the construction and in the structuring of the business park.
The KARL Group is headquartered in Innernzell in Bavaria and is a family business with a total of 44 companies. Established a good 50 years ago as a construction company, the corporate group, in the meantime, also has a strong presence in the fields of energy, industry and real estate. The restructuring as well as the development of industrial parks and commercial properties is one of the areas in which the KARL Group specializes.
GvW advised the KARL Group with the Munich partner Hans-Joachim Lagier as well as Martin Knoll (both real estate).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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