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Press Release

Fieldfisher advises Primo Capital AG on the acquisition of an office and warehouse building in Meerbusch, Germany

12/07/2021

Locations

Germany

Swiss-based Primo Capital AG has announced the acquisition of a property consisting of office and warehouse space in the Mollsfeld industrial park in Meerbusch on behalf of a Swiss family office. The transaction was executed in the form of a sale and leaseback, whereby the seller, Bobst Group SA, leases the property back on a long-term basis.

The Swiss investment company Primo Capital AG, which focuses on investments in office and commercial properties, led the transaction process and will take over the management of the property in the future. The commercial area, which has excellent infrastructure links, has a direct connection to the A44 freeway, is located not far from Düsseldorf Airport and in the immediate vicinity of the local train station. From the approx. 16,000 m² site, the Düsseldorf city area can be reached in less than 15 minutes by car. Primo Capital AG was legally advised by a Fieldfisher team consisting of Partner Philipp Stricharz, Senior Associates Mike Seemann, Maureen Pitzen, Joanna Osinski (both Associates, all Real Estate) as well as Partner Andre Happel and Julian Funck (Associate, both Tax).

The new tenant and also seller of the property, Bobst Group SA, is one of the world's leading suppliers of equipment and services for substrate converting, printing and finishing in the label, flexible materials, folding carton and corrugated board sectors. Founded in 1890 by Joseph Bobst in Lausanne, the company is represented in more than 50 countries, has 19 production facilities in 11 countries and employs more than 5,600 people worldwide. RED Property GmbH & Co. KG acted as advisor and agent in the transaction on behalf of the seller Bobst Group SA under an exclusive mandate.
 

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