P+P advises Union Investment on tax matters related to the acquisition of the Morphosys AG office building in Planegg near Munich
Union Investment Institutional Property GmbH (Hamburg) acquired the headquarters of Morphosys AG in Semmelweisstrasse 7, Planegg near Munich. The seller is LIP Ludger Inholte Projektentwicklungs GmbH.
Union Investment will include the property in its new special real estate fund UII GermanM, which was launched with an initial volume of 22 properties and real estate assets of EUR 313 m.
Built in 2014, the entire office building is leased to Morphosys AG, has 14,000 m2 of leasable space and has recently served as the biotech company's new headquarters, including office and laboratory spaces.
P+P Pöllath + Partners advised Union Investment on all tax matters with the following team:
- Sören Reckwardt (counsel, lead, tax, Berlin)
- Dr. Hardy Fischer (partner, tax, Berlin).
On behalf of Union Investment's in-house tax department, Mrs. Alexandra Zimatrys advised on the acquisition. Clifford Chance (Dennis Blechinger) advised Union Investment with regard to the civil law aspects of the acquisition.
