GRS Group Engaged on € 360 Million Purchase of Siemens Real Estate Office and Retail Park
GRS Group worked with an acquisition company set up by HIH Hamburgische Immobilien Handlung GmbH (HIH) and RFR Holding GmbH (RFR) to purchase the Siemens Real Estate headquarters in Muchen-Perlach. This was the largest single transaction in Germany for more than 18 months. GRS Group provided services during the acquisition phase, identifying deferred maintenance and forecasting capital expenditures, and environmental liability risks.
With a net floor area of 370,000 square meters covering a plot area of more than 425,000 square meters, the office and retail park in Neuperlach was the home to a number of Siemens’ departments, including Corporate Technology (research and development), Siemens IT Solutions (information technology), Siemens Financial Services (financial solutions provider) and SRE (real estate).